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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities:    
Net loss $ (6,251,817) $ (12,881,971)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 90,418 80,877
Dividend and interest income (327,065) (206,158)
Stock-based compensation 2,352,696 4,864,166
Non-cash lease expense 73,301 58,022
Gain on exchange of warrants (1,711,698)
Change in fair value of derivative liabilities 1,873,930 4,217,197
Changes in operating assets and liabilities:    
Accounts receivable (8,100) (9,000)
Prepaid expenses and other current assets (39,040) (79,778)
Accounts payable 26,531 105,146
Accrued expenses and other current liabilities (264,064) 256,253
Deferred revenue 80,700
Lease liability (78,737) (67,585)
Net Cash Used In Operating Activities (4,182,945) (3,662,831)
Cash Flows From Investing Activities:    
Sale of marketable securities 10,865,000 10,982,932
Purchase of marketable securities (12,784,535) (7,535,662)
Purchases of equipment (35,296) (89,071)
Net Cash (Used In) Provided By Investing Activities (1,954,831) 3,358,199
Cash Flows From Financing Activities:    
Net proceeds from issuance of common stock in at-the-market offering 411,701
Proceeds from exchange and issuance of warrants, net [1] 7,528,027
Deferred offering costs (22,381)
Net Cash Provided By Financing Activities 7,505,646 411,701
Net Increase In Cash and Cash Equivalents 1,367,870 107,069
Cash and Cash Equivalents - Beginning of the Period 884,377 1,676,577
Cash and Cash Equivalents - End of the Period 2,252,247 1,783,646
Supplemental Disclosures of Cash Flow Information:    
Interest
Income taxes
Non-cash investing and financing activities:    
Issuance of common stock held in abeyance 15
Return and cancellation of shares in lieu of payroll tax withholding $ 48,410 $ 39,308
[1] Includes gross proceeds of $8,123,391, less issuance costs of $595,364.