v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (12,705,712) $ (2,557,707)
Adjustments to reconcile net loss to net cash used in operating activities    
Change in fair value of warrant liabilities (267,031) (1,112,626)
Stock-based compensation expense 79,562 17,089
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 661,972 (633,739)
Accounts payable 1,874,328 (649,789)
Accrued expenses and other current liabilities 88,929 479,788
Net cash used in operating activities (10,267,952) (4,456,984)
Cash flows from financing activities    
Proceeds from Issuance or Sale of Equity, Net 0 31,497,463
Proceeds from issuance of stock upon warrant exercises 70 0
Net cash provided by financing activities 70 31,497,463
Net increase (decrease) in cash (10,267,882) 27,040,479
Cash, beginning of period 29,687,944 8,760,462
Cash, end of period 19,420,062 35,800,941
Supplemental disclosures of cash flow information:    
Cash paid for taxes 3,981 1,600
Deferred offering costs included in accounts payable and other accrued expenses 0 134,355
Prepaid expenses included in accounts payable $ 169,314 $ 0