v3.22.1
Condensed Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (3,960,308) $ (3,056,033)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 131,906 24,825
Changes in operating assets and liabilities:    
Decrease (increase) in prepaid expenses and other current assets 570,812 (2,011,612)
(Decrease) increase in accounts payable (23,173) 530,803
Increase (decrease) in accrued expenses 624,746 (221,352)
Decrease in accrued salaries   (378,833)
Net cash used in operating activities (2,656,017) (5,112,202)
Cash flows from financing activities    
Proceeds from the exercise of warrants   197,562
Payment of offering costs for initial public offering   (295,166)
Net cash used in financing activities   (97,604)
Net decrease in cash (2,656,017) (5,209,806)
Cash, beginning of period 14,008,184 29,795,366
Cash, end of period $ 11,352,167 $ 24,585,560

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