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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:        
Net loss $ (10,890,980) $ (11,420,691) $ (15,423,471) $ (14,322,798)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 735 964 1,284 1,781
Stock-based compensation 2,001,727 2,220,413 2,965,938 2,957,249
Realized gain on assets held for sale     (24,155)
Interest earned on marketable securities (430,993) (430,993) (110,002)
Changes in operating assets and liabilities:        
Prepaid expenses and other current and non- current assets 634,419 (84,568) 161,800 295,220
Accounts payable and other current liabilities (673,829) (1,088,785) (680,520) (1,154,829)
Other assets     (721,774)
Operating lease right-of-use asset and liability, net 487 290 647 961
Net cash used in operating activities (8,927,441) (10,803,370) (13,405,315) (13,078,347)
Cash flows from investing activities:        
Proceeds received for assets held for sale     172,555
Purchase of marketable securities (6,859,432) (6,859,432) (29,599,573)
Maturity of marketable securities 24,000,000 24,000,000 13,000,000
Net cash provided by investing activities 17,140,568 17,140,568 (16,427,018)
Cash flows from financing activities:        
Proceeds from issuance of shares of common stock and warrants 3,375,590    
Issuance costs (429,516)    
Net cash provided by financing activities 2,946,074    
Net (decrease) increase in cash and cash equivalents (5,981,367) 6,337,198 3,735,253 (29,505,365)
Cash and cash equivalents at beginning of period 13,362,053 9,626,800 9,626,800 39,132,165
Cash and cash equivalents at end of period 7,380,686 15,963,998 13,362,053 9,626,800
Noncash investing and financing activities        
Transaction costs in accounts payable and other current liabilities 129,993    
ASC 842 lease renewal option exercise 236,506 236,506
Issuance of initial commitment shares     1,425
Change in unrealized gain/loss on marketable securities (96,434) (96,434) 96,434
Change in unrealized gain/loss on marketable securities     (96,434) 96,434
Reclassification of security deposit $ 16,477    
Supplemental cash flow disclosures        
Cash paid for income taxes     $ 1,600 $ 2,400