Annual report pursuant to Section 13 and 15(d)

Statements of Operations

v3.22.1
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Statements of Operations    
Grant revenue $ 576,399 $ 428,129
Cost of grant revenue 576,399 428,129
Gross profit 0 0
Operating expenses:    
Research and development 1,927,743 1,720,893
General and administrative 2,408,425 2,307,089
Sales and marketing 512,807 40,000
Total operating expenses 4,848,975 4,067,982
Loss from operations (4,848,975) (4,067,982)
Other income (expenses):    
Gain on forgiveness of long-term debt 91,407 0
Interest expense, net (12,701) (5,049)
Warrant inducement expense 0 (3,720,866)
Total other income (expenses) 78,706 (3,725,915)
Net loss $ (4,770,269) $ (7,793,897)
Net loss per share - basic (in dollars per share) $ (0.80) $ (2.20)
Net loss per share - diluted (in dollars per share) $ (0.80) $ (2.20)
Weighted average number of shares outstanding - basic (in shares) 5,937,520 3,539,217
Weighted average number of shares outstanding - diluted (in shares) 5,937,520 3,539,217