Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:        
Net loss $ (3,050,586) $ (3,589,543) $ (5,895,423) $ (8,180,536)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 11,303 10,379 22,606 18,847
Gain on sale of property and equipment     (10,964)
Stock-based compensation expense 63,628 278,988 143,594 369,235
Changes in operating assets and liabilities:        
Other receivables     (13,163) 6,987
Operating Lease Right of Use Assets     98,184
Prepaid expenses and other current assets     1,232,949 (1,555,350)
Deposits    
Accounts payable and accrued expenses     (274,070) 332,024
Net cash used in operating activities     (4,685,323) (9,019,757)
Cash flows from investing activities:        
Proceeds from sale of property and equipment     12,000
Purchase of property and equipment     (87,047)
Net cash used in investing activities     (75,047)
Cash flows from financing activities:        
Payments on short-term notes payable     (267,640) (303,416)
Net cash used in financing activities     (267,640) (303,416)
Net decrease in cash and cash equivalents     (4,952,963) (9,398,220)
Cash and cash equivalents at beginning of period     11,426,785 27,265,703
Cash and cash equivalents at end of period $ 6,473,822 $ 17,867,483 6,473,822 17,867,483
Supplemental disclosure of cash flow information:        
Interest paid     $ 3,347 $ 4,062