v3.21.2
Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (7,338,995) $ (1,121,138)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of issuance costs   27,321
Recovery of uncollectable receivables   (15,020)
Share-based compensation expense 59,069  
Changes in operating assets and liabilities:    
Increase in prepaid expenses and other current assets (252,325) (142,494)
Increase in accounts payable 178,734 135,301
(Decrease) increase in accrued expenses (130,320) 110,373
Decrease in accrued salaries (378,833) (44,287)
Net cash used in operating activities (7,862,670) (1,049,944)
Cash flows from financing activities    
Proceeds from issuance of convertible promissory notes   1,869,133
Proceeds from the exercise of warrants 197,562  
Payment of issuance costs for promissory notes   (45,081)
Payment of offering costs for initial public offering (295,166) (35,000)
Net cash (used in) provided by financing activities (97,604) 1,789,052
Net (decrease) increase in cash (7,960,274) 739,108
Cash, beginning of period 29,795,366 309,384
Cash, end of period $ 21,835,092 1,048,492
Supplemental disclosure of non-cash financing transactions:    
Accrued deferred issuance costs   $ 27,525

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