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Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Operating activities      
Net loss $ (20,832,073) $ (18,618,262)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 27,043 87,257  
Non-cash lease expense 343,619 441,566  
Issuance of common stock for services 75,375    
Stock-based compensation 2,399,402 1,728,268  
Changes in assets and liabilities:      
Prepaid expenses and other current assets 526,451 512,324  
Prepaid research and development expenses 603,737    
Accounts payable 82,648 (728,704)  
Accrued expenses (2,268,779) (1,481,734)  
Lease liabilities (359,627) (522,428)  
Net cash used in operating activities (19,402,204) (18,581,713) $ (34,900,000)
Investing activities      
Purchases of property and equipment (9,972) (12,727)  
Net cash used in investing activities (9,972) (12,727)  
Financing activities      
Proceeds from issuance of common stock, net of issuance costs   28,707,011  
Proceeds from exercise of stock options 5,398 53,882  
Net cash provided by financing activities 5,398 28,760,893  
Net change in cash and cash equivalents (19,406,778) 10,166,453  
Cash and cash equivalents, beginning of period 41,792,830 47,870,619 47,870,619
Cash and cash equivalents, end of period $ 22,386,052 $ 58,037,072 $ 41,792,830