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 $ (2,240,142) $ (2,786,152)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 131,260 212,880
Increase (decrease) in cash resulting from changes in:    
Prepaid expenses and other current assets 174,848 (27,923)
Accounts payable (3,831) 146,985
Accrued and other current liabilities 288,232 (153,638)
Total adjustments to reconcile net loss to net cash used in operations 590,509 178,304
Net cash used in operating activities (1,649,633) (2,607,848)
Cash flows from financing activities:    
Proceeds from issuance of common stock and warrants, net of expenses 4,174,985 0
Proceeds from exercise of pre-funded warrants 153 0
Payment for fractional shares in reverse stock split (40) 0
Net cash provided by financing activities 4,175,098 0
Net increase (decrease) in Cash and cash equivalents 2,525,465 (2,607,848)
Cash and cash equivalents at beginning of period 6,241,294 10,798,806
Cash and cash equivalents at end of period $ 8,766,759 $ 8,190,958