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Condensed Consolidated Statement of Cash Flows (Unaudited) -10Q - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:        
Net (loss) income $ (7,365,005) $ 7,429,214 $ 6,644,465 $ (6,384,169)
Adjustments to reconcile net (loss) income to net cash used in operating activities:        
Acquired in-process research and development charge 3,087,832 0    
Fair value of warrants for services provided 371,895 0    
Share-based compensation expense 306,699 188,427 219,245 775,255
Non-cash interest expense 64,555 566,790 661,224 1,100,390
Change in fair value of convertible promissory notes (9,317) (9,798,628) (9,877,857) (93,365)
Gain on extinguishment of debt (125,577) 0    
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets (9,707) 151 4,332 (7,924)
Accounts payable (179,199) 356,255 556,270 505,410
Accrued expenses and other current liabilities 20,021 399,196 757,701 64,305
Net cash used in operating activities (3,837,803) (858,595) (1,034,620) (2,836,098)
Investing activities:        
Acquired in-process research and development (250,000) 0    
Cash used in investing activities (250,000) 0    
Cash flows from financing activities:        
Proceeds from the issuance of convertible bridge notes 0 25,000 25,000 500,000
Proceeds from the issuance of note payable 0 124,054 124,054 0
Payment of offering costs related to initial public offering (816,917) 0    
Net cash provided by financing activities 4,165,918 799,054 1,149,054 1,957,405
Net (decrease) increase in cash and cash equivalents 78,115 (59,541) 114,434 (878,693)
Cash and cash equivalents at beginning of period 341,037 226,603 226,603 1,105,296
Cash and cash equivalents at end of period 419,152 167,062 341,037 226,603
Supplemental disclosure of non-cash financing activities:        
Issuance of warrants in conjunction with Series A preferred stock 309,390 31,363 78,967 0
Issuance of warrants in conjunction with Series A preferred stock 2,837,832 0    
Deferred offering costs in accounts payable 1,004,856 0 117,631 33,941
Change in fair value of redeemable common stock to redemption value 53,330 94,000 97,000 39,000
Convertible Promissory Notes To Series A Preferred Stock        
Supplemental disclosure of non-cash financing activities:        
Conversion of convertible promissory notes 5,866,290 0    
Convertible Promissory Notes To Series Seed Preferred Stock        
Supplemental disclosure of non-cash financing activities:        
Conversion of convertible promissory notes 0 6,291,288 6,291,288 0
Series A Preferred Stock        
Cash flows from financing activities:        
Proceeds from the sale of preferred stock 0 50,000 50,000 0
Series Seed Preferred Stock        
Cash flows from financing activities:        
Proceeds from the sale of preferred stock $ 4,982,835 $ 600,000 $ 950,000 $ 0