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Statements of Cash Flows
6 Months Ended
Jun. 30, 2023
USD ($)
Cash flows from operating activities:  
Net loss $ (19,274,303)
Adjustments to reconcile net loss to net cash used in operating activities:  
Stock-based compensation expense 3,113,831
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets 552,521
Accounts payable (2,788,377)
Accrued expenses (2,836,313)
Net cash used in operating activities (21,232,641)
Cash flows from financing activities:  
Proceeds from issuance of common stock, net of issuance costs 8,571,191
Proceeds from exercise of stock options 8,386
Net cash provided by financing activities 8,579,577
Net (decrease) increase in cash and cash equivalents (12,653,064)
Cash and cash equivalents, beginning of year 28,377,693
Cash and cash equivalents, end of period $ 15,724,629