v3.24.1.1.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities:    
Net Income (Loss) $ 13,453,207 $ (1,868,536)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities:    
Depreciation and Amortization of Intangible Assets 4,869 10,078
Reduction of Right-of-Use Assets 11,343 32,778
Stock-Based Compensation 175,443 135,941
Change in Fair Value of Contingent Consideration (12,194) 208,926
Changes in Operating Assets and Liabilities:    
Prepaid Expenses and Other Current Assets 12,651 (146,838)
Collaboration Receivables (189,904) 0
Tax Receivables 179,087 (332,288)
Other Assets 1,112 430
Accounts Payable 124,975 (355,628)
Accrued Expenses (124,391) (721,678)
Operating Lease Liabilities (11,343) (32,779)
Net Cash Provided by (Used in) Operating Activities 13,624,855 (3,069,594)
Financing Activities:    
Gross Proceeds from Private Placement 15,000,000 200,000
Issuance Costs for Private Placement (1,191,185) (84,285)
Proceeds from ELOC Purchases 0 98,960
Exercise of Warrants 1,438,817 298,500
Net Cash Provided by Financing Activities 15,247,632 513,175
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (51,024) (27,145)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 28,821,463 (2,583,564)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 2,458,951 6,013,816
Cash, Cash Equivalents and Restricted Cash, End of Period $ 31,280,414 $ 3,430,252

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