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Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Operating activities      
Net loss $ (10,736,667) $ (10,359,350)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 14,620 43,839  
Non-cash lease expense 169,571 219,119  
Issuance of common stock for services 36,000    
Stock-based compensation 1,192,080 870,180  
Changes in assets and liabilities:      
Prepaid expenses and other current assets 11,971 (240,103)  
Prepaid research and development expenses 411,469    
Accounts payable (112,581) (490,040)  
Accrued expenses (1,317,717) (1,383,683)  
Lease liabilities (177,575) (266,821)  
Net cash used in operating activities (10,508,829) (11,606,859) $ (34,900,000)
Investing activities      
Purchases of property and equipment (7,439) (2,197)  
Net cash used in investing activities (7,439) (2,197)  
Financing activities      
Proceeds from issuance of common stock, net of issuance costs   28,707,011  
Proceeds from exercise of stock options 4,898 33,768  
Net cash provided by financing activities 4,898 28,740,779  
Net change in cash and cash equivalents (10,511,370) 17,131,723  
Cash and cash equivalents, beginning of period 41,792,830 47,870,619 47,870,619
Cash and cash equivalents, end of period $ 31,281,460 $ 65,002,342 $ 41,792,830