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Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,641,287) $ (3,488,659)
Adjustments to reconcile net loss to net cash used in operating activities    
Preferred shares issued as compensation 103,700 100,792
Loss on issuance of preferred shares for accounts payable- related party 0 142,669
Common shares issued as compensation and for services 80,250 76,500
Warrants granted to Scientific Advisory Board 3,201 1,441
Depreciation 348,096  
Amortization of loan origination fees 18,013 1,638
Amortization 4,135 4,135
Change in fair value of derivative liabilities 0 (274,449)
Loss on disposal of property and equipment 2,026 0
Write-off of deferred financing costs 12,190 0
Changes in operating assets and liabilities:    
Prepaid expenses 182,765 12,382
Other assets 7,820 7,820
Accounts payable (195,585) 362,464
Accounts payable - related party (432,676) 163,587
Accrued expenses (43,978) (16,239)
NET CASH USED IN OPERATING ACTIVITIES (4,551,330) (2,560,245)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (43,565) (4,139)
NET CASH USED IN FINANCING ACTIVITIES (43,565) (4,139)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock and warrants 10,442,216 0
Proceeds from note payable -related party 0 1,100,000
Payment of note payable - related party (1,100,000) 0
Deferred financing costs 0 (383,175)
Payment of loan payable (62,843) 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 9,279,373 716,825
NET CHANGE IN CASH AND CASH EQUIVALENTS 4,684,478 (1,847,559)
Cash and cash equivalents at beginning of period 13,708,594 2,555,207
Cash and cash equivalents at end of period 18,393,072 707,648
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Interest paid 655 0
Non-cash Financing and Investing Activities:    
Series A preferred stock issued for accounts payable-related party 0 250,000
Series A preferred stock issued for loan origination fee $ 0 $ 39,301