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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net loss $ (2,658,133) $ (6,735,781)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 3,375 16,744
Non-cash lease expense 54,432 60,475
Share-based compensation 163,676 149,941
Issuance of common stock to vendors for services 73,000 100,001
Issuance of common stock to Silk Roads for purchase option 50,000  
Loss on extinguishment of debt 393,791  
Change in fair value of convertible debt (460,000)  
Amortization of deferred issuance costs associated with convertible debt 12,518 20,598
Change in operating assets and liabilities:    
Licensing, contracts and grants receivable 1,374 (182,890)
Prepaid expenses and other current assets 102,882 45,768
Research and development incentives receivable 93,821 70,335
Operating lease liability (53,071) (60,244)
Deferred revenue   200,000
Accounts payable and accrued expenses (1,604,414) 793,324
Accrued compensation (262,831) (245,174)
Net cash used in operating activities (4,089,580) (5,766,903)
Investing activities:    
Purchases of office furniture and equipment   (13,073)
Net cash used in investing activities   (13,073)
Financing activities:    
Proceeds from issuance of common stock pursuant to B. Riley At Market Issuance Sales Agreement 3,091,462  
Proceeds from issuance of common stock and pre-funded warrants pursuant to public offering 8,495,817  
Convertible debt repayments (7,000,000)  
Net cash provided by financing activities 3,884,958  
Effect of exchange rate on cash and cash equivalents 5,946 (106,229)
Net decrease in cash and cash equivalents (198,676) (5,886,205)
Cash and cash equivalents at beginning of period 13,359,615 26,043,897
Cash and cash equivalents at end of period 13,160,939 20,157,692
Supplemental information:    
Cash paid for state income taxes 10,879 5,600
Cash paid for interest 424,660 432,751
Cash paid for lease liabilities:    
Operating lease 66,650 66,650
Non-cash investing and financing activities:    
Right-of-use assets and lease liabilities recorded   $ 347,546
Deferred issuance cost reclassified to additional paid-in capital 2,339  
Redemption liability for Series D preferred stock 43  
Stock issuance costs included in accounts payable 221,450  
B. Riley Sales Agreement    
Financing activities:    
Stock issuance costs associated (93,009)  
Public Offering    
Financing activities:    
Stock issuance costs associated (612,611)  
Pre-funded warrants    
Financing activities:    
Proceeds from the exercise of pre-funded warrants $ 3,299