Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,265,801) $ (2,452,623)
Adjustments to reconcile net loss to net cash used in operating activities:    
Acquired in-process research and development 1,305,000 0
Amortization of right of use asset 19,087 17,160
Share-based expense 255,465 186,206
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 11,579 1,059
Accounts payable, accrued expenses and other liabilities (141,920) 2,200
Net cash used in operating activities (2,816,590) (2,245,998)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash paid to acquire in-process research and development (500,000) 0
Net cash used in investing activities (500,000) 0
Net change in cash (3,316,590) (2,245,998)
Cash at beginning of period 18,244,030 11,527,552
Cash at end of period 14,927,440 9,281,554
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 0 0
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock to acquire in-process research and development 805,000 0
Issuance of common stock from cashless exercise of purchase warrants $ 2 $ 1