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 ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows for Operating Activities:    
Net loss $ (1,973,142) $ (2,028,320)
Adjustments to reconcile net loss to net cash used by operating activities:    
Non cash lease expense 21,590 21,197
Employee and director equity-based compensation 242,102 570,629
Amortization of deferred R&D obligations participation agreements (125,028) (136,848)
Changes in assets and liabilities:    
Security deposits 0 (29,058)
Prepaid expenses (617,197) (797,179)
Accounts payable 179,610 (133,966)
Lease liabilities (23,069) 185
Accrued liabilities 166,161 (328,289)
Net cash (used in) operating activities (2,128,973) (2,861,649)
Cash Flows from Investing Activities:    
Net cash from by investing activities 0 0
Cash Flow from Financing Activities:    
Proceeds of loans payable, other 605,600 628,600
Payments of loans payable, other (67,289) (69,844)
Net cash provided by financing activities 538,311 558,756
Increase (decrease) in cash (1,590,662) (2,302,893)
Cash at beginning of period 1,799,263 8,901,875
Cash at end of period 208,601 6,598,982
Cash paid during the period for:    
Interest $ 2,377 $ 1,213