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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (12,896,374) $ (6,229,651)
Adjustment to reconcile to net loss to net cash used in operating activities:    
Depreciation expense 47,704 8,867
Right-of-use asset amortization 144,821 25,027
Intangible asset amortization 8,103  
Stock based compensation expense 897,650 182,225
Net amortization of premium (accretion of discount) on marketable securities 103,531  
(Increase) decrease in:    
Accounts receivable (33,573) 7,705
Prepaid expenses and other current assets 1,409,016 (615,645)
Other assets 12,550  
Increase (decrease) in:    
Accounts payable 248,022 (111,742)
Accrued expenses (2,235,349) 611,871
Lease liability (44,252) (18,497)
Other liabilities 57,112  
Net cash used in operating activities (12,281,039) (6,139,840)
Cash flows from investing activities:    
Purchases of property and equipment (115,050) (16,564)
Purchases of marketable securities (7,980,107)  
Maturities of marketable securities 20,500,000  
Net cash used in investing activities 12,404,843 (16,564)
Cash flows from financing activities:    
Proceeds from exercise of stock options 193,111  
Net cash provided by financing activities 193,111  
Net increase in cash and cash equivalents 316,915 (6,156,404)
Cash and cash equivalents at beginning of period 74,888,145 37,090,151
Cash and cash equivalents at end of period 75,205,060 $ 30,933,747
Supplemental disclosures of noncash investing and financing information :    
Reduction of right of use asset and lease liability in connection with lease modification $ 347,739