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Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (2,913,291) $ (3,687,178)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 281,928 279,043
Amortization 22,884 56,249
Amortization of discount on investments 0 (1,189)
Amortization of right-of-use assets 193,290 216,518
Share-based compensation expense 130,536 158,304
Loan and accrued interest forgiveness on note payable (821,515) 0
Changes in operating assets and liabilities:    
Accounts receivable (33,047) (19,292)
Inventory (15,501) (10,931)
Other assets 329,461 172,504
Accounts payable 165,789 (117,540)
Accrued expenses and other (1,017,803) 362,775
Lease liabilities (210,045) (225,678)
Other liabilities 5,933 13,432
Net cash used in operating activities (3,881,381) (2,802,983)
Cash flows from investing activities:    
Maturities of short-term investments 0 1,000,000
Purchases of property and equipment (12,512) (5,050)
Payments for patents and other intangible assets 0 (22,976)
Net cash (used in) provided by investing activities (12,512) 971,974
Cash flows from financing activities:    
Proceeds from issuance of common stock 31,725,645 52,800
Payments of offering costs (1,243,960) 0
Proceeds from note payable and advance 0 822,500
Repayment of note payable (40,980) 0
Payments under lease obligations (10,170) (9,201)
Net cash provided by financing activities 30,430,535 866,099
Net change in cash and cash equivalents 26,536,642 (964,910)
Cash and cash equivalents:    
Beginning of year 3,322,226 6,415,274
End of year 29,858,868 5,450,364
Cash paid for:    
Interest 4,130 3,975
Income taxes 800 2,000
Non-cash investing and financing activities:    
Prepaid insurance financed with promissory notes 470,556 0
Offering costs included in accounts payable and accrued expenses 334,683 0
Conversion of convertible preferred stock to common stock $ 55,360,897 $ 0