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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities:      
Net loss $ (6,356,053) $ (4,336,309) $ (11,033,580)
Adjustments to reconcile net loss to cash used in operating activities      
Change in fair value of warrant liability 233,821 (20,844) 183,164
Change in fair value of investment option liability 1,082,141 (19,165) 962,636
Change in fair value of derivative liability (714,000) (727,000)
Stock-based compensation   721,102 1,412,573
Amortization of right of use asset   54,703
Amortization of intangibles 42,187 84,376 84,375
Depreciation expense 44,331 85,812 88,629
Gain on disposal of property and equipment   (4,212)
Change in operating assets and liabilities:      
Prepaid expenses and other current assets   (543,822) (1,111,913)
Accounts payable and accrued liabilities   (1,458,670) 542,397
Right-of-use operating lease asset and obligation   (54,702)
Net cash used in operating activities   (5,487,520) (9,602,930)
Cash Flows From Investing Activities:      
Purchases of property and equipment   (5,187)
Proceeds from disposal of property and equipment   16,872
Net cash provided by investing activities   11,685
Cash Flows From Financing Activities:      
Proceeds from the subscription receivable related to the issuance of Inducement Warrants and the exercise of warrants and preferred investment options   1,804,819
Proceeds from exercise of Inducement Warrants   2,676,980
Proceeds from common stock sold under the Equity Distribution Agreement, net of offering costs   2,290,186
Proceeds from common stock sold under the Purchase Agreement, net of offering costs   82,026
Payment for offering costs previously accrued   (161,312)
Redemption of Series A Preferred Stock   (1,052,057)
Net cash provided by (used in) financing activities   6,692,699 (1,052,057)
Effect of Foreign Exchange Rate on Changes on Cash   9,395 826
Net increase (decrease) in cash   1,214,574 (10,642,476)
Cash at beginning of period   2,287,977 17,723,884
Cash at end of period 7,081,408 3,502,551 7,081,408
Supplemental disclosure of cash and non-cash transactions:      
Cash paid for interest   11
Income taxes paid   24,001
Offering costs accrued not paid   149
Deferred offering costs charged to offering costs   240,969
Issuance of common shares for offering costs   771,293
Preferred dividends attributable to redeemable non-controlling interest 6,712 19,041
Accretion of embedded derivative to redemption value $ 36,997 $ 147,988