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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (61,322,218) $ (73,626,588)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 23,458,012 33,916,921
Realized (gain) loss on short-term investments (334,082) 718,422
Unrealized (gain) loss on short-term investments (283,803) (72,329)
Change in operating assets and liabilities:    
Other receivable 512,432
Prepaid expenses and other assets (378,596) 1,188,309
Accounts payable (1,160,468) (2,405,184)
Accrued expenses (2,947,571) (1,641,475)
Stock appreciation rights compensation 12,562
Net cash used in operating activities (42,956,164) (41,409,492)
Cash flows from investing activities    
Purchase of short-term investments (11,424,986) (57,151,963)
Sale of short-term investments 51,641,225 99,864,149
Net cash provided by investing activities 40,216,239 42,712,186
Cash flows from financing activities    
Proceeds from warrants exercised for common stock 246,747
ATM Fees (114,601)
Net cash provided by financing activities 132,146
Net increase /(decrease) in cash and cash equivalents (2,607,779) 1,302,694
Cash and cash equivalents at beginning of the period 4,091,568 5,395,905
Cash and cash equivalents at end of the period 1,483,789 6,698,599
Cash paid during the period for:    
Interest
Income Tax