Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.22.2.2
Condensed Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (10,203,278) $ (11,448,977)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 433,129 190,975
Changes in operating assets and liabilities:    
Decrease in prepaid expenses and other current assets 698,923 756,453
Increase in accounts payable 291,873 399,640
Decrease in accrued expenses (17,034) (30,696)
Decrease in accrued salaries   (378,833)
Net cash used in operating activities (8,796,387) (10,511,438)
Cash flows from financing activities    
Proceeds from the exercise of warrants   197,562
Payment of offering costs for initial public offering   (295,166)
Proceeds from public offering of common stock, net of offering costs 4,576,600  
Net cash provided by (used in) financing activities 4,576,600 (97,604)
Net decrease in cash (4,219,787) (10,609,042)
Cash, beginning of period 14,008,184 29,795,366
Cash, end of period 9,788,397 $ 19,186,324
Supplemental disclosure of non-cash financing transactions:    
Public offering costs included in accounts payable and accrued expenses $ 82,680