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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net loss $ (21,821,953) $ (20,242,630)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 102,110 60,608
Non-cash interest expense 720,963 1,733,521
Non-cash lease expense 189,424 250,361
In-process research and development 7,000,000 0
Change in fair value of derivative liability 0 3,187,380
Stock-based compensation expense 660,317 884,089
Loss on debt conversion 0 341,136
Other non-cash (349,409) 4,803
Changes in assets and liabilities:    
Prepaid expenses and other current assets (369,846) (1,007,367)
Accounts payable and accrued expenses (540,847) (1,628,621)
Other assets (104,000) (227,172)
Lease obligations (195,489) (249,389)
Net cash used in operating activities (14,708,730) (16,893,281)
Cash flows from investing activities    
Purchase of property and equipment (306,825) (29,446)
Payment of reverse asset acquisition costs 0 (2,327,273)
Net cash used in investing activities (306,825) (2,356,719)
Cash flows from financing activities    
Financing lease principal payments (23,856) (25,866)
Proceeds from issuance of common stock 37,822,025 1,183,034
Payment of equity issuance costs (1,477,806) 0
Proceeds from issuance of debt 921,415 6,800,000
Payments of debt issuance costs (5,740) (99,202)
Repayments of debt (5,625,000) (5,290,000)
Purchases of treasury stock 0 (47,864)
Proceeds from Pre-Merger Financing 0 22,546,353
Net cash provided by financing activities 31,611,038 25,066,455
Net increase in cash, cash equivalents and restricted cash 16,595,483 5,816,455
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 24,190,551 7,595,068
Supplemental disclosure of non-cash transactions:    
Issuance of Warrant Exchange Promissory Notes 5,625,000 0
Obligation settled with common stock 331,218 0
Purchase of property and equipment 213,625 0
Conversion of convertible notes 0 13,979,788
Right-of-use assets related to operating leases 179,599 470,356
Equity issuance costs 4,029 1,150,000
Reverse asset acquisition costs $ 0 $ 2,252,795