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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
8 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2020
Cash Flows From Operating Activities:    
Net loss $ (1,288,842) $ (4,980,183)
Non Cash Income and Expense:    
Depreciation 854 8,555
Stock based compensation 7,811 28,329
Realized and unrealized gains on investments 0 (3,574)
Changes in operating assets and liabilities:    
Accounts receivable 0 (22,996)
Contract assets 0 (196,701)
Prepaid expenses (25,365) (95,614)
Accounts payable 6,400 641,201
Accrued expenses 266,770 211,365
Deferred revenue 0 158,884
Net Cash Used in Operating Activities (1,032,372) (4,250,734)
Cash Flows From Investing Activities:    
Purchases of marketable securities, net (149,767) (11,348,503)
Purchases of property and equipment (1,667) (51,494)
Net Cash Used in Investing Activities (151,434) (11,399,997)
Cash Flows From Financing Activities:    
Proceeds from issuance of promissory notes 184,300 0
Proceeds from Stockholders' contributions 1,000,000 16,315,700
Net Cash Provided by Financing Activities 1,184,300 16,315,700
Net Increase in Cash and Cash Equivalents 494 664,969
Cash and Cash Equivalents, Beginning of Period 0 494
Cash and Cash Equivalents, End of Period 494 665,463
Supplemental Disclosure of Cash Flow Information    
Interest Paid 0 0
Non-cash investing and financing activities:    
Purchases of property and equipment 2,606 [1] 0
Promissory notes converted to Series S preferred units $ 0 $ 184,300
[1] Purchases of property and equipment in the amount of $2,606 were accrued in 2019 and paid in 2020.