v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net loss $ (15,532,180) $ (18,424,186)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 532,504 560,313
Amortization of operating lease right-of-use assets 113,034 127,210
Loss on disposal of fixed assets 33,498 0
Stock-based compensation 619,266 1,285,831
Gain on change in fair value of warrant liability (25,552) (28,971)
Changes in operating assets and liabilities:    
Prepaid expenses (307,595) (166,351)
Accounts receivable 76,357 (196,487)
Other current assets 9,198 (95,073)
Deferred revenue, current and non-current (61,600) 0
Accounts payable and accrued liabilities (384,567) 961,764
Management and directors' fees payable (34,552) 9,019
Right-of-use assets operating leases liabilities (112,199) (125,393)
Net Cash Used In Operating Activities (15,074,388) (16,092,324)
Investing Activities    
Purchases of property and equipment (68,161) (501,986)
Purchase of License (171,095) 0
Net Cash Used In Investing Activities (239,256) (501,986)
Financing Activities    
Net proceeds from issuances of common stock 605,222 25,881,221
Tax withholdings paid related to stock-based compensation (41,267) (80,231)
Common stock repurchased 0 (31,772)
Proceeds from long-term debt 754,457 216,908
Payments on long-term debt (530,732) (475,965)
Payments on finance lease obligations (23,643) (23,188)
Net Cash Provided By Financing Activities 764,037 25,486,973
Effect of foreign exchange on cash (181,448) (16,439)
Net change in cash and cash equivalents (14,731,055) 8,876,224
Cash and cash equivalents - beginning of the period 20,729,983 10,867,050
Cash and cash equivalents - End of Period 5,998,928 19,743,274
Supplemental Disclosures of Cash Flow Information    
Interest paid 158,415 109,643
Non-Cash Financing Activities    
Common stock issued upon cashless exercises of stock options and settlement of vested RSUs 282 102
Offering costs from issuance of common stock 0 239,772
Fair value of warrants issued in connection with public offering 0 366,960
Common stock issued for License rights 125,258 0
Non-cash note payable $ 294,603 $ 356,258

Source

10-Q PDF
XBRL