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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Net loss for the year ended $ (25,966,762) $ (14,021,125)
Depreciation and amortization 74,169 56,284
Stock-based compensation expense 1,074,957 902,074
Grant funds receivables 0 49,006
Prepaid expenses and other current assets (114,488) (1,165,705)
Other assets 986,498 (2,163,276)
Accounts payable, accrued expenses and other liabilities (1,228,013) (2,687,466)
Total adjustments 793,123 (5,009,083)
Net cash used in operating activities (25,173,639) (19,030,208)
Purchase of equipment (48,946) (134,258)
Net cash used in investing activities (48,946) (134,258)
Net proceeds from sale of common stock and warrants 0 27,727,194
Net proceeds from warrant exercises 4,062,442 7,626,134
Net cash provided by financing activities 4,062,442 35,353,328
Net increase in cash and cash equivalents (21,160,143) 16,188,862
Cash and cash equivalents at beginning of period 27,612,732 11,423,870
Cash and cash equivalents at end of period $ 6,452,589 $ 27,612,732