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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss for the year ended $ (14,021,125) $ (18,570,317)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 56,284 38,521
Stock-based compensation expense 902,074 369,987
Warrant issued for technology license 0 209,825
Gain on debt extinguishment 0 (172,056)
Changes in assets and liabilities:    
Grant funds receivables 49,006 133,657
Prepaid expenses and other current assets (1,165,705) (16,270)
Other assets (2,163,276) 0
Accounts payable, accrued expenses and other liabilities (2,687,466) 6,810,233
Total adjustments (5,009,083) 7,373,897
Net cash used in operating activities (19,030,208) (11,196,420)
Cash flows from investing activities:    
Purchase of equipment (134,258) (47,718)
Net cash used in investing activities (134,258) (47,718)
Cash flows from financing activities:    
Net proceeds from sale of common stock and warrants 27,727,194 9,408,920
Net proceeds from warrant exercises 7,626,134 3,404,156
Repurchase of preferred stock 0 (1,000)
Principal repayment of note payable 0 (27,864)
Net cash provided by financing activities 35,353,328 12,784,212
Net increase in cash and cash equivalents 16,188,862 1,540,074
Cash and cash equivalents at beginning of period 11,423,870 9,883,796
Cash and cash equivalents at end of period $ 27,612,732 $ 11,423,870