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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (6,501,000) $ (8,828,000) $ (13,650,000) $ (17,895,000)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 87,000 57,000 162,000 117,000
Net amortization of premiums and discounts on marketable securities       (45,000)
Stock-based compensation     570,000 173,000
Changes in operating assets and liabilities:        
Accounts receivable     677,000 (232,000)
Prepaid expenses and other current assets     (1,275,000) 645,000
Accounts payable     2,055,000 3,126,000
Accrued expenses     (1,497,000) (311,000)
Net cash used in operating activities     (12,958,000) (14,422,000)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Sales of marketable securities       14,150,000
Purchase of property and equipment     (254,000) (67,000)
Net cash (used in) provided by investing activities     (254,000) 14,083,000
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from private offering of common stock     7,475,000  
Proceeds from issuance of common stock     2,349,000  
Proceeds from long-term debt     1,134,000  
Proceeds from exercise of stock options     4,000  
Net cash provided by financing activities     10,962,000  
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS     (2,250,000) (339,000)
CASH AND CASH EQUIVALENTS–Beginning of period     2,776,000 5,618,000
CASH AND CASH EQUIVALENTS–End of period $ 526,000 $ 5,279,000 526,000 $ 5,279,000
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:        
Purchase of property and equipment in accounts payable     (161,000)  
Amortization of deferred offering costs in prepaid assets     (54,000)  
Deferred offering costs in prepaid assets and accounts payable     $ 269,000