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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Impairment loss $ 34,169 $ 0
Net loss (8,213,094) (8,030,074)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 233,909 248,958
Stock-based compensation expense 459,085 348,901
Change in fair value of derivative financial instruments—warrants 42,037 (14,028)
Release of clinical trial funding commitment 506,509 310,766
Changes in operating assets and liabilities:    
Other assets 4,991 (32,464)
Accounts receivable and unbilled receivable 94,146 45,474
Prepaid expenses (29) 163,950
Operating lease right-of-use assets 161,355 147,974
Accounts payable and accrued expenses (514,239) 387,046
Operating lease liabilities (418,959) (379,662)
Other liabilities (55,667) 0
Net cash used in operating activities (7,665,787) (6,803,159)
Investing activities:    
Capital expenditures 0 (5,274)
Net cash used in investing activities 0 (5,274)
Financing activities:    
Proceeds from sales of common stock, preferred stock and warrants, net of expenses of $92,648 and $97,260, respectively 18,801,924 2,902,740
Costs related to the clinical trial funding commitment (7,500) (40,000)
Proceeds from exercise of warrants, net of expenses of $393,285 and $0, respectively 6,125,884 3,283,830
Borrowings under long-term debt 305,000 0
Net cash provided by financing activities 25,225,308 6,146,570
Net change in cash and cash equivalents 17,559,521 (661,863)
Cash and cash equivalents—Beginning of period 10,195,292 11,453,133
Cash and cash equivalents—End of period 27,754,813 10,791,270
Supplementary disclosure of cash flow activity:    
Cash paid for taxes 800 800
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of property and equipment included in accounts payable and accrued expenses 11,453 0
Expenses from sales of common stock, preferred stock and warrants included in accounts payable and accrued liabilities 523,495 0
Expenses from exercise of warrants included in accounts payable and accrued liabilities 64,498 0
Preferred stock dividend payable on Series A Convertible Preferred Stock 12,120 12,120
Series C Convertible Preferred Stock    
Supplemental disclosure of non-cash investing and financing activities:    
Deemed dividend recognized for beneficial conversion features of Convertible Preferred Stock issuance 0 268,269
Common stock, preferred stock and warrants issued in connection with clinical trial funding commitment 0 1,675,000
Common stock issued upon conversion of convertible preferred stock 0 33
Series D Convertible Preferred Stock    
Supplemental disclosure of non-cash investing and financing activities:    
Deemed dividend recognized for beneficial conversion features of Convertible Preferred Stock issuance 601,767 0
Common stock, preferred stock and warrants issued in connection with clinical trial funding commitment 2,300,000 0
Common stock issued upon conversion of convertible preferred stock 155 0
Series E Convertible Preferred Stock    
Supplemental disclosure of non-cash investing and financing activities:    
Deemed dividend recognized for beneficial conversion features of Convertible Preferred Stock issuance $ 2,664,717 $ 0