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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,385,200) $ (7,569,533)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 73,835 69,603
Stock-based compensation expense 325,181 236,789
Noncash lease expense 37,372 31,923
Loss on disposal of fixed assets 2,938  
Changes in:    
Prepaid expenses and other current assets 427,403 177,361
Lease liability (58,110) (51,282)
Accounts payable and accrued liabilities (52,180) 543,168
Cash used in operating activities (11,628,761) (6,561,971)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (7,559) (45,143)
Cash used in investing activities (7,559) (45,143)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of underwriting issuance costs 34,874 18,258,581
Proceeds from long-term obligations   184,000
Issuance of common stock in connection with exercise of pre-funded warrants   14
Proceeds from exercise of warrants 1,213,924  
Cash provided by financing activities 1,248,798 18,442,595
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (10,387,522) 11,835,481
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 57,165,377 10,614,722
CASH AND CASH EQUIVALENTS AT END OF PERIOD 46,777,855 22,450,203
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest expense   $ 1,584
Conversion of preferred stock to common stock $ 11,398,204  

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