Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net loss $ (4,931,947) $ (3,151,778)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 290,313 336,685
Depreciation 1,279 3,375
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 692,222 318,124
Accounts payable (901,296) (665,668)
Accrued expenses 24,837 82,063
Net cash used in operating activities (4,824,592) (3,077,199)
Cash Flows from Financing Activities:    
Payments on notes payable (120,893) (115,222)
Proceeds from exercise of warrants 609 2,616
Proceeds from sale of common stock 0 10,625,786
Net cash provided by (used in) financing activities (120,284) 10,513,180
Net change in cash and cash equivalents (4,944,876) 7,435,981
Cash and cash equivalents, at beginning of period 10,055,407 5,004,517
Cash and cash equivalents, at end of period 5,110,531 12,440,498
Supplemental disclosures of cash flow information:    
Cash paid for interest 5,436 2,883
Cash paid for income taxes $ 0 $ 0