Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows

v3.23.3
Condensed Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (4,192,842) $ (10,203,278)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 471,666 433,129
Changes in operating assets and liabilities:    
Decrease in prepaid expenses and other current assets 875,976 698,923
(Decrease) increase in accounts payable (367,795) 291,873
(Decrease) increase in accrued expenses (188,323) (17,034)
Net cash used in operating activities (3,401,318) (8,796,387)
Cash flows from financing activities    
Proceeds from Issuance of Common Stock 1,156,443  
Proceeds from initial public offering, net of costs   4,576,600
Net cash provided by financing activities 1,156,443 4,576,600
Net decrease in cash (2,244,875) (4,219,787)
Cash, beginning of period 7,030,992 14,008,184
Cash, end of period 4,786,117 9,788,397
Supplemental disclosure of non-cash financing transactions:    
Public offering costs included in accounts payable and accrued expenses   $ 82,680
Non-cash financing transactions:    
Reduction in equity for shares surrendered in cashless warrant exercises $ 299,129