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Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Operating activities          
Net loss     $ (27,920,608) $ (28,673,320)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation $ 54,773 $ 67,485 114,080 135,573  
Loss on disposal of assets     3,498 2,174  
Non-cash lease expense     402,479 365,521  
Stock-based compensation     2,044,400 3,176,346  
Changes in assets and liabilities:          
Prepaid expenses and other current assets     (485,436) (222,539)  
Prepaid research and development expenses     (660,800)    
Accounts payable     (836,670) (915,351)  
Accrued expenses     (2,104,703) (1,170,346)  
Lease liabilities     (485,046) (434,757)  
Net cash used in operating activities     (29,928,806) (27,736,699) $ (57,500,000)
Investing activities          
Purchases of property and equipment     (81,707) (8,162)  
Net cash used in investing activities     (81,707) (8,162)  
Financing activities          
Proceeds from issuance of common stock, net of issuance costs       9,559,699  
Proceeds from exercise of stock options       4,239  
Net cash provided by financing activities       9,563,938  
Net change in cash and cash equivalents     (30,010,513) (18,180,923)  
Cash and cash equivalents, beginning of period     90,254,890 137,035,017 137,035,017
Cash and cash equivalents, end of period $ 60,244,377 $ 118,854,094 $ 60,244,377 $ 118,854,094 $ 90,254,890