XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (8,637,316) $ (4,827,314)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 42,213 26,806
Warrant issued for technology license 0 209,825
Gain on debt extinguishment 0 (172,056)
Changes in assets and liabilities:    
Grant funds and other receivables 49,006 182,663
Prepaid expenses and other current assets (1,251,539) 106,979
Deposits and other assets (2,173,276) 0
Accounts payable and accrued expenses (645,955) (289,477)
Total adjustments (3,328,656) 314,043
Net cash used in operating activities (11,965,972) (4,513,271)
Cash flows from investing activities    
Purchase of equipment (134,258) (47,718)
Net cash used in investing activities (134,258) (47,718)
Cash flows from financing activities:    
Net proceeds from sale of common stock and warrants 27,727,194 9,408,920
Net proceeds from warrant exercises 7,626,134 3,404,156
Repurchase of preferred stock 0 (1,000)
Principal repayment of note payable 0 (27,864)
Net cash provided by financing activities 35,353,328 12,784,212
Net increase in cash and cash equivalents 23,253,098 8,223,223
Cash and cash equivalents at beginning of period 11,423,870 9,883,796
Cash and cash equivalents at end of period 34,676,968 18,107,019
Employees and Directors [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 570,573 168,570
Consultants [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense $ 80,322 $ 80,733