General form of registration statement for all companies including face-amount certificate companies

Condensed Statements of Cash Flows (unaudited)

v3.22.0.1
Condensed Statements of Cash Flows (unaudited) - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:        
Net loss $ (5,349,621) $ (2,840,217) $ (3,236,530) $ (4,721,356)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation 1,416,691 0    
Amortization of debt discount costs 14,126 88,293 97,104 141,753
Depreciation of fixed assets 0 322 322 1,355
Series 1c Preferred Units issued in connection with license settlement       730,962
Gain from forgiveness of Payroll Protection Plan loan     (133,592) 0
Increase/(decrease) in cash resulting from changes in:        
Prepaid expenses and other current assets (1,007,393) (5,300) (1,374) 50,058
Other assets       0
Accounts payable 665,587 (256,601) (232,908) 122,423
Accrued and other current liabilities $ 371,127 $ 20,936 $ (21,563) $ 2,533
License and settlement agreement 0 500,000 500,000 250,000
Total adjustments to reconcile net loss to net cash used in operations $ 1,460,138 $ (652,350) $ (792,011) $ 799,084
Net cash used in operating activities (3,889,483) (3,492,567) (4,028,541) (3,922,272)
Cash flows from financing activities:        
Proceeds from issuance of common stock and warrants, net of issuance costs 15,386,189 0    
Costs associated with debt amendment     0 (12,280)
Redemption of Series 1c preferred stock (1,000,000) 0    
Payments on debt (556,482) (462,963) (810,185) (763,889)
Proceeds from Paycheck Protection Plan loan 0 133,592 133,592  
Proceeds from issuance of convertible note 1,562,717 2,314,432 0 150,000
Net proceeds from issuance of convertible subordinated promissory notes     2,974,982  
Proceeds from issuance of Series 1d preferred units 570,000 0    
Proceeds from issuance of Series 1c preferred units 0 250,000 250,000 5,360,630
Proceeds from exercise of Series 1a preferred warrant units 0 18,750 18,750 0
Net cash provided by financing activities 15,962,424 2,253,811 2,567,139 4,734,461
Net increase (decrease) in cash 12,072,941 (1,238,756) (1,461,402) 812,189
Cash at beginning of period 530,400 1,991,802 1,991,802 1,179,613
Cash at end of period 12,603,341 753,046 530,400 1,991,802
Supplemental disclosures:        
Cash paid for interest 1,420 51,149 56,707 99,014
Cash paid for taxes 1,400 1,400 3,272 1,138
Non-cash financing activities:        
Conversion of common and preferred units and warrants to common and preferred stock and warrants 29,936,660 0    
Final loan fee related to debt amendment     0 100,000
Series 1c Preferred Units issued for convertible debt and interest     $ 0 $ 151,487
Conversion of convertible subordinated promissory notes to Series 1d preferred units 4,464,801 0    
Deemed dividend upon amendment to the terms to the Series 1d convertible preferred stock 2,293,199 0    
Conversion of convertible subordinated promissory notes and accrued interest to common shares at IPO 180,434 0    
Conversion of preferred stock to common stock at IPO $ 6,582 $ 0