v3.24.1
Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net loss $ (18,851,226) $ (15,274,134)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,007,417 1,202,966
Depreciation 4,134 11,756
Write off of deferred offering cost 0 334,138
Loss on disposal of fixed assets 498 3,111
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 2,377,275 860,451
Accounts payable and accrued expenses 1,321,871 2,303,897
Net cash used in operating activities (14,140,031) (10,557,815)
Cash Flows from Investing Activities:    
Purchase of property and equipment (3,901) (4,422)
Net cash used in investing activities (3,901) (4,422)
Cash Flows from Financing Activities:    
Payments of deferred offering costs (202,859) 0
Payments on notes payable (438,733) (427,700)
Proceeds from exercise of warrants 2,961,239 2,734
Proceeds from sale of common stock 2,317,599 16,038,093
Net cash provided by financing activities 4,637,246 15,613,127
Net change in cash and cash equivalents (9,506,686) 5,050,890
Cash and cash equivalents, at beginning of period 10,055,407 5,004,517
Cash and cash equivalents, at end of period 548,721 10,055,407
Supplemental disclosures of cash flow information:    
Cash paid for interest 13,805 8,094
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Prepaid expense financed with note payable $ 329,571 $ 449,874

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