General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:        
Net loss, including noncontrolling interests $ (4,116,876) $ (3,413,845) $ (15,769,279) $ (12,578,211)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation 537,522 713,330 2,319,427 2,722,893
Consulting expense for restricted shares issued 164,070      
Change in fair value of warrant liability (20,942)   (98,394) 1,546,280
Loss on extinguishment of convertible notes       2,322,943
Gain from forgiveness of Paycheck Protection Program loan       (62,500)
Change in fair value of embedded features       203,000
Issuance of ratchet shares     1,099,360  
Amortization of debt discount       596,953
Change in operating assets and liabilities:        
Prepaid expenses and other current assets 153,775 (134,341) (505,233) (15,155)
Australia research and development incentives receivable (51,243)   (269,395)  
Other assets   322 322 (3,122)
Accounts payable (35,163) (67,120) 211,346 805,516
Accrued expenses 534,693 352,874 915,742 997,126
Deferred offering costs (526,485) (262,093) 440,379 (651,582)
Deferred compensation   3,062    
Due to related parties       (7,037)
Net cash used in operating activities (3,360,649) (2,807,811) (11,655,725) (4,122,896)
Cash flows from financing activities:        
Proceeds from issuance of common stock, net of transaction costs   2,373,561 2,473,560 5,742,171
Proceeds from exercise of stock options   47,700 84,000 9,000
Proceeds from exercise of warrants   110,000 385,400 529,425
Proceeds from issuance of convertible notes, warrants, and embedded conversion features       7,369,000
Proceeds from Paycheck Protection Program loan       62,500
Collections of subscriptions receivable       322,002
Proceeds from sale of common stock in intial public offering     11,500,000  
Payment of initial public offering transaction costs     (2,406,170)  
Payment on loan payable to officer       (367)
Net cash provided by financing activities   2,531,261 12,036,790 14,033,731
Net effect of foreign currency exchange on cash (3,966) (4,282) (4,430)  
Net decrease in cash (3,364,615) (280,832) 376,635 9,910,835
Cash at beginning of period 10,950,927 10,574,292 10,574,292 663,457
Cash at end of period $ 7,586,312 $ 10,293,460 10,950,927 10,574,292
Supplemental disclosure of cash flow information:        
Conversion of convertible notes and accrued interest into MAIA common stock       8,249,587
Conversion of SAFE into MAIA common stock       25,000
Options issued for accrued bonus       786,531
Options issued for deferred compensation       285,418
Reclassification of warrant liability to equity       1,952,000
Issuance of convertible note for payment on loan to officer       $ (21,000)
Previously paid issuance costs in connection with the initial public offering     651,582  
Warrants issued to underwriters in connection with the initial public offering     $ 343,735