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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 $ (10,890,980) $ (11,420,691)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 735 964
Stock-based compensation 2,001,727 2,220,413
Interest earned on marketable securities (430,993)
Changes in operating assets and liabilities:    
Prepaid expenses and other current and non- current assets 634,419 (84,568)
Accounts payable and other current liabilities (673,829) (1,088,785)
Operating lease right-of-use asset and liability, net 487 290
Net cash used in operating activities (8,927,441) (10,803,370)
Cash flows from investing activities:    
Maturity of marketable securities 24,000,000
Purchase of marketable securities (6,859,432)
Net cash provided by investing activities 17,140,568
Cash flows from financing activities:    
Proceeds from issuance of shares of common stock and warrants 3,375,590
Issuance costs (429,516)
Net cash provided by financing activities 2,946,074
Net (decrease) increase in cash and cash equivalents (5,981,367) 6,337,198
Cash and cash equivalents at beginning of period 13,362,053 9,626,800
Cash and cash equivalents at end of period 7,380,686 15,963,998
Noncash investing and financing activities    
Transaction costs in accounts payable and other current liabilities 129,993
Change in unrealized gain/loss on marketable securities (96,434)
ASC 842 lease renewal option exercise 236,506
Reclassification of security deposit $ 16,477