Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net loss $ (13,475,976) $ (10,137,283)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 774,742 913,247
Depreciation 3,181 9,375
Loss of disposal of fixed assets 757 2,635
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,577,015 1,134,824
Accounts payable and accrued expenses (483,397) (175,290)
Net cash used in operating activities (11,603,678) (8,252,492)
Cash Flows from Investing Activities:    
Purchase of property and equipment (1,744) (4,423)
Net cash used in investing activities (1,744) (4,423)
Cash Flows from Financing Activities:    
Payments on notes payable (368,064) (348,534)
Proceeds from exercise of warrants 725,668 2,616
Proceeds from sale of common stock 2,101,958 10,625,786
Net cash provided by financing activities 2,459,562 10,279,868
Net change in cash and cash equivalents (9,145,860) 2,022,953
Cash and cash equivalents, at beginning of period 10,055,407 5,004,517
Cash and cash equivalents, at end of period 909,547 7,027,470
Supplemental disclosures of cash flow information:    
Cash paid for interest 10,924 5,782
Cash paid for income taxes $ 0 $ 0