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Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (22,885,449) $ (29,417,969)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,224,146 2,612,855
Depreciation 70,814 58,282
Fair value of shares issued for commitment fee 355,555  
Loss on disposal of property and equipment 3,981 57,578
Non-cash interest expense 3,674  
Impairment of in-process research and development 118,600  
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 127,895 267,665
Accounts payable 1,111,019 (472,739)
Accrued expenses and other current liabilities 1,842,350 (2,602,001)
Other noncurrent assets   (10,620)
Net cash used in operating activities (17,027,415) (29,506,949)
Cash flows from investing activities:    
Purchase of property and equipment (10,902) (178,967)
Net cash used in investing activities (10,902) (178,967)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 10,159,766  
Proceeds from Paycheck Protection Program loan 562,479  
Proceeds from exercise of stock options   92,272
Net cash provided by financing activities 10,722,245 92,272
Net decrease in cash and cash equivalents (6,316,072) (29,593,644)
Cash and cash equivalents, beginning of the year 12,077,640 41,671,284
Cash and cash equivalents, end of the year $ 5,761,568 $ 12,077,640