Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.24.3
Condensed Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (4,621,852) $ (4,192,842)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 382,219 471,666
Changes in operating assets and liabilities:    
Decrease in prepaid expenses and other current assets 605,066 875,976
Increase (decrease) in accounts payable 343,049 (367,795)
Increase (decrease) in accrued expenses 632,221 (188,323)
Net cash used in operating activities (2,659,297) (3,401,318)
Cash flows from financing activities    
Proceeds from public offering of common stock, net of offering costs 1,382,170  
Proceeds from issuance of shares on ATM, net of fees   1,156,443
Net cash provided by financing activities 1,382,170 1,156,443
Net decrease in cash (1,277,127) (2,244,875)
Cash, beginning of period 3,316,946 7,030,992
Cash, end of period $ 2,039,819 4,786,117
Non-cash financing transactions:    
Reduction in equity for shares surrendered in cashless warrant exercises   $ 299,128