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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The reconciliation of cash, cash equivalents and restricted cash reported within the applicable balance sheet line items that sum to the total of the same such amount shown in the consolidated statements of cash flows is as follows:

 

 

June 30,
2022

 

 

June 30,
2021

 

Cash and cash equivalents

 

$

16,616,493

 

 

$

10,232,676

 

Restricted cash

 

 

 

 

 

 

Total cash, cash equivalents, and restricted cash

 

$

16,616,493

 

 

$

10,232,676

 

Schedule of Estimated Useful Lives

The Company records equipment at cost less depreciation. Depreciation is calculated using straight-line methods over the following estimated useful lives:

Animal facility equipment

7 years

Laboratory equipment

7 years

Leasehold improvements

Shorter of asset life or lease term

Office furniture & equipment

5 years

Vehicles

5 years