v3.22.1
Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (2,786,152) $ (2,304,908)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 212,880 1,160,049 $ 0
Amortization of debt discount costs 0 13,892  
Increase (decrease) in cash resulting from changes in:      
Prepaid expenses and other current assets (27,923) (245,717)  
Accounts payable 146,985 383,816  
Accrued and other current liabilities (153,638) 216,648  
Total adjustments to reconcile net loss to net cash used in operating activities 178,304 1,528,688  
Net cash used in operating activities (2,607,848) (776,220)  
Cash flows from financing activities:      
Payments on debt 0 (556,482)  
Net proceeds from issuance of convertible subordinated promissory notes 0 1,562,717  
Proceeds from issuance of Series 1d preferred units 0 570,000  
Net cash provided by financing activities 0 1,576,235  
Net increase (decrease) in cash (2,607,848) 800,015  
Cash at beginning of period 10,798,806 530,400  
Cash at end of period 8,190,958 1,330,415 $ 530,400
Supplemental disclosures:      
Cash paid for interest 0 473  
Cash paid for taxes 0 950  
Non-cash financing activities:      
Conversion of convertible subordinated promissory notes to Series 1d Preferred Units 0 4,464,801  
Conversion of Common and Preferred Units and Warrants to Common and Preferred Stock and Warrants $ 0 $ 29,936,660  

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