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Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (27,820,780) $ (36,444,447)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 130,004 161,427
Loss on disposal of assets   3,498
Non-cash lease expense 668,756 611,163
Stock-based compensation 2,616,105 2,958,379
Changes in assets and liabilities:    
Prepaid expenses and other current assets 241,640 (1,689,613)
Prepaid research and development expenses   752,807
Accounts payable (640,306) (1,255,490)
Accrued expenses (1,680,629) (2,903,733)
Lease liabilities (779,696) (739,910)
Net cash used in operating activities (27,264,906) (38,545,919)
Investing activities    
Purchases of property and equipment (20,593) (84,190)
Net cash used in investing activities (20,593) (84,190)
Financing activities    
Proceeds from issuance of common stock, net of issuance costs 28,707,011  
Proceeds from exercise of stock options 115,498  
Net cash provided by financing activities 28,822,509  
Net change in cash and cash equivalents 1,537,010 (38,630,109)
Cash and cash equivalents, beginning of period 47,870,619 90,254,890
Cash and cash equivalents, end of period $ 49,407,629 $ 51,624,781