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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (3,943,819) $ (6,312,606)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 18,283 14,604
Non-cash interest expense 14,749 695,469
Non-cash lease expense 47,696 73,273
Change in fair value of derivative liability 0 776,273
Stock-based compensation expense 222,513 415,202
Changes in assets and liabilities:    
Prepaid expenses and other assets 227,870 49,555
Accounts payable and accrued expenses (1,225,853) 1,723,507
Lease obligations (47,862) (102,488)
Net cash used in operating activities (4,686,423) (2,667,211)
Cash flows from investing activities    
Purchase of property and equipment (52,653) (10,581)
Net cash used in investing activities (52,653) (10,581)
Cash flows from financing activities    
Financing lease principal payments (5,964) (5,964)
Payment of debt issuance costs (5,740) (85,233)
Proceeds from issuance of debt 500,000 1,450,000
Net cash provided by financing activities 488,296 1,358,803
Effect of changes in exchange rate on cash 0 (282)
Net decrease in cash, cash equivalents and restricted cash (4,250,780) (1,319,271)
Cash, cash equivalents and restricted cash at beginning of period 7,595,068 1,778,613
Cash, cash equivalents and restricted cash at end of period 3,344,288 459,342
Supplemental disclosure of non-cash transactions:    
Right-of-use asset related to operating leases (Note 8) $ 0 $ 427,751