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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:    
Net loss $ (10,417,704) $ (13,222,296)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 165,735 120,545
Dividend and interest income (569,068) (76,004)
Stock-based compensation 7,782,967 12,612,862
Gain on PPP loan forgivesness (250,000)
Non-cash lease expense 90,313 160,122
Change in fair value of derivative liabilities (3,997,780) (5,272,473)
Changes in operating assets and liabilities:    
Accounts receivable (3,300) (11,000)
Prepaid expenses and other current assets 57,851 73,099
Accounts payable 18,487 120,075
Accrued expenses and other current liabilities 581,616 (4,898)
Lease liability (139,328) (163,132)
Net Cash Used In Operating Activities (6,430,211) (5,913,100)
Cash Flows From Investing Activities:    
Sale of marketable securities 20,964,373 9,492,304
Purchase of marketable securities (17,541,287) (22,451,936)
Purchase of intangible assets (175,000)
Purchases of equipment (171,043) (265,223)
Net Cash Provided By (Used In) Investing Activities 3,252,043 (13,399,855)
Cash Flows From Financing Activities:    
Net proceeds from issuance of common stock in ATM transactions 494,783
Net proceeds from issuance of common stock in registered direct offering 1,853,990
Net Cash Provided By Financing Activities 2,348,773
Net Decrease In Cash and Cash Equivalents (829,395) (19,312,955)
Cash and Cash Equivalents - Beginning of the Year 1,713,772 21,026,727
Cash and Cash Equivalents - End of the Year 884,377 1,713,772
Supplemental Disclosures of Cash Flow Information:    
Interest
Income taxes
Non-cash investing and financing activities:    
Warrants issued as consideration for intangible assets 117,030
Return and cancellation of shares in lieu of payroll tax withholding $ 39,308