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, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,907,517) $ (4,265,801)
Adjustments to reconcile net loss to net cash used in operating activities:    
Acquired in-process research and development 0 1,305,000
Amortization of right of use asset 0 19,087
Share-based expense 138,241 255,465
Changes in operating assets and liabilities:    
Prepaid expenses and other (762,941) 11,579
Other assets 362,500 0
Accounts payable, accrued expenses and other liabilities (201,841) (141,920)
Net cash used in operating activities (2,371,558) (2,816,590)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash paid to acquire in-process research and development 0 (500,000)
Net cash used in investing activities 0 (500,000)
Net change in cash (2,371,558) (3,316,590)
Cash at beginning of period 13,097,265 18,244,030
Cash at end of period 10,725,707 14,927,440
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 $ 0 $ 805,000