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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Stock-Based Compensation

Schedule of stock-based compensation expense

Stock-based compensation expense in the statements of operations, including the fair value of stock awards to consultants and advisors for services rendered, for the years ended December 31, 2021 and 2020 was as follows:

​	​	​	​	​	​	​
​	​	Year Ended
​	​	December 31,
​		2021			2020
​		​			​
Research and development	​	$	2,016,745	​	$	138,704
General and administrative	​		2,680,882	​		1,726,209
​	​	$	4,697,627	​	$	1,864,913

Schedule of stock option activity

​

​	​	​	​	​	​	​	​	​	​
​		​		​	​		Weighted		​
​	​	​	​	​	​	​	Average	​	​
​	​	​	​	​	​	​	Remaining	​	​
​	​	​	​	Weighted		​	Contractual	​	Aggregate
​	​	Number of	​	Average		​	Term	​	Intrinsic
​	​	Shares	​	Exercise Price		​	(Years)	​	Value
Outstanding at December 31, 2019		352,282	​		$ 0.19	​
Granted		810,000	​		3.46	​
Exercised		(48,435)	​		0.19	​
Forfeited		(2,381)	​		0.14	​
Outstanding at December 31, 2020		1,111,466	​		2.57	​
Granted		538,095	​		33.78	​
Exercised		(159,813)	​		2.83	​
Outstanding at December 31, 2021		1,489,748	​		13.82	​	8.4		$ 14,325,377
Exercisable at December 31, 2021		1,105,568	​		5.87	​	7.9		$ 14,325,377

Schedule of weighted average assumptions used to determine fair value of options

​

​	​	​	​	​	​	​
​		Year Ended			Year Ended
​	​	December 31, 2021		​	December 31, 2020
Risk-free interest rate		1.17	%		0.38	%
Expected life		5.3	​		5.0	​
Expected volatility		113	%		80	%
Expected dividend yield		—	​		—	​

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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