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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (9,794,073) $ (7,768,266)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 331,406 230,101
Stock-based compensation 3,265,412 2,194,784
Changes in lease liabilities (10,100) (6,452)
Changes in operating assets and liabilities:    
Receivables 10,002,993 0
Prepaid expenses and other current assets (130,068) 44,800
Other assets (25,550) 0
Accounts payable and accrued expenses (1,584) 501,815
Deferred revenue (4,906,876) 9,013,304
Net cash provided by (used in) operating activities (1,268,440) 4,210,086
Cash flows from investing activities:    
Purchase of marketable securities (33,210,697) (34,803,580)
Proceeds from sales and maturities of marketable securities 24,373,000 32,045,000
Purchases of property and equipment (608,588) (347,690)
Payments for leasehold improvements (55,729) (105,425)
Net cash used in investing activities (9,502,014) (3,211,695)
Cash flows from financing activities:    
Net proceeds from sale of common stock 2,290,244 0
Proceeds from exercise of stock awards   3,895
Net cash provided by financing activities 2,290,244 3,895
Net increase (decrease) in cash and cash equivalents (8,480,210) 1,002,286
Cash and cash equivalents balance at beginning of period 14,694,857 9,603,242
Cash and cash equivalents balance at end of period $ 6,214,647 10,605,528
Supplemental disclosures of cash flow information:    
Interest paid in cash   0
Income taxes paid in cash   $ 0