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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities    
Net loss $ (37,879,158) $ (36,899,420)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 35,174 153,301
Loss on disposal of property and equipment 46,654 8,627
Asset impairment 365,179  
Non-cash lease expense 402,649 856,238
Issuance of common stock for services 75,375 36,000
Stock-based compensation 4,697,546 3,524,476
Changes in assets and liabilities:    
Prepaid expenses and other assets 1,678,948 846,182
Prepaid research and development expenses 603,737 (553,737)
Accounts payable (538,811) (102,076)
Accrued expenses 156,187 (1,766,449)
Lease liabilities (741,558) (983,045)
Loss on disposal of assets 46,654 8,627
Net cash used in operating activities (31,098,078) (34,879,903)
Investing activities    
Purchases of property and equipment (9,972) (21,394)
Proceeds from sale of property and equipment 30,000  
Net cash used in investing activities 20,028 (21,394)
Financing activities    
Proceeds from issuance of common stock, net of issuance costs   28,707,011
Proceeds from exercise of stock options 5,398 116,497
Net cash provided by financing activities 5,398 28,823,508
Net change in cash and cash equivalents (31,072,652) (6,077,789)
Cash and cash equivalents, beginning of period 41,792,830 47,870,619
Cash and cash equivalents, end of period $ 10,720,178 $ 41,792,830