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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (22,287,542) $ (29,019,532)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Loss on disposal of fixed assets 6,041 34,266
Depreciation and amortization 1,068,882 533,131
Stock-based compensation 7,392,396 4,458,578
Changes in lease liabilities (24,282) 161,740
Changes in operating assets and liabilities:    
Receivables (9,824,413) (155,830)
Prepaid expenses and other current assets (75,884) 240,045
Other assets 0 7,550
Accounts payable and accrued expenses 1,388,078 1,718,312
Accounts payable and accrued expenses, related party (61,755) (510,154)
Deferred revenue (3,178,066) 27,448,531
Net cash provided by (used in) operating activities (25,596,545) 4,916,637
Cash flows from investing activities:    
Purchase of marketable securities (97,441,506) (114,218,737)
Proceeds from sales and maturities of marketable securities 104,597,249 82,505,961
Purchases of property and equipment (1,311,660) (2,000,243)
Payments for leasehold improvements (735,873) (1,359,488)
Net cash provided by (used in) investing activities 5,108,210 (35,072,507)
Cash flows from financing activities:    
Net proceeds from sale of common stock 25,515,349 4,803,534
Proceeds from exercise of stock awards 64,601 70,304
Net cash provided by financing activities 25,579,950 4,873,838
Net increase (decrease) in cash and cash equivalents 5,091,615 (25,282,032)
Cash and cash equivalents balance at beginning of period 9,603,242 34,885,274
Cash and cash equivalents balance at end of period 14,694,857 9,603,242
Supplemental disclosures of cash flow information:    
Interest paid in cash 0 0
Income taxes paid in cash $ 0 $ 0