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Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,311,233) $ (1,561,133)
Adjustments to reconcile net loss to net cash used in operating activities    
Preferred shares issued as compensation 53,098 51,398
Common shares issued as compensation and for services 38,250 38,250
Amortization of loan origination fees 9,825 0
Warrants granted to Scientific Advisory Board 1,986 908
Depreciation 175,162 172,811
Amortization 2,067 2,068
Change in fair value of derivative liabilities 0 (421,527)
Changes in operating assets and liabilities:    
Prepaid expenses 44,257 49,419
Other assets 3,910 3,910
Accounts payable (122,560) 346,864
Accounts payable - related party (123,762) (109,366)
Accrued expenses (6,945) (7,612)
NET CASH USED IN OPERATING ACTIVITIES (2,235,945) (1,434,010)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (34,985) (4,139)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock and warrants 10,442,216 0
Deferred financing costs (41,024) (242,105)
Payment of loan payable (47,034) 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 10,354,158 (242,105)
NET CHANGE IN CASH AND CASH EQUIVALENTS 8,083,228 (1,680,254)
Cash and cash equivalents at beginning of period 13,708,594 2,555,207
Cash and cash equivalents at end of period 21,791,822 874,953
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Interest paid 589 0
Income tax paid $ 0 $ 0