Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (2,480,823) $ (2,611,835)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation 210,797 211,900
Changes in operating assets and liabilities:    
Prepaid expenses (104,558) 429,292
Accounts payable 31,404 (106,282)
Accrued expenses (383,645) 43,003
Net cash used in operating activities (2,726,825) (2,033,922)
Cash flows from financing activities:    
Proceeds from issuance of common stock 6,646,748
Proceeds from issuance of common stock upon exercise of options 52,400
Net cash provided by financing activities 6,699,148
Net (decrease) increase in cash and cash equivalents (2,726,825) 4,665,226
Cash and cash equivalents, beginning of period 11,247,403 14,548,471
Cash and cash equivalents, end of the period 8,520,578 19,213,697
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Offering costs included in accounts payable $ 248,927