Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (3,941,506) $ (5,516,725)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 262,437 474,452
Increase (decrease) in cash resulting from changes in:    
Prepaid expenses and other current assets 428,843 426,591
Accounts payable (58,924) 93,566
Accrued and other current liabilities (180,848) 74,753
Total adjustments to reconcile net loss to net cash used in operations 451,508 1,069,362
Net cash used in operating activities (3,489,998) (4,447,363)
Cash flows from financing activities:    
Proceeds from issuance of Common Stock and warrants, net of expenses 5,687,087 4,276,365
Proceeds from exercise of pre-funded warrants 187 87
Payment for fractional shares in reverse stock split (40) 0
Net cash provided by financing activities 5,687,234 4,276,452
Net increase (decrease) in Cash and cash equivalents 2,197,236 (170,911)
Cash and cash equivalents at beginning of period 6,241,294 10,798,806
Cash and cash equivalents at end of period $ 8,438,530 $ 10,627,895