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Disclosure - Subsequent Events (Tables)
9 Months Ended
Sep. 30, 2021
SUBSEQUENT EVENTS  
Pro Forma Financial Statements

The financial statements as of September 30, 2021, including share and per share amounts, do not include the effects of the merger. The table below shows, on a pro forma basis, the impact of the merger on certain condensed balance sheet items as of September 30, 2021:

Balance Sheet Data:

    

Actual

    

Pro Forma

 

Cash and cash equivalents

$

7,996,362

$

242,991,191

Working capital

(5,566,182)

228,647,166

Total assets

39,746,217

273,843,757

Redeemable convertible preferred stock

143,086,271

Accumulated deficit

(136,979,761)

(136,979,761)

Total stockholders’ equity (deficit)

$

(132,209,608)

$

163,290,011

Share Data:

    

Actual

    

Pro Forma

 

Redeemable convertible preferred stock outstanding

41,587,368

Common stock outstanding

4,595,168

114,707,150