XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,613,068) $ (2,311,233)
Adjustments to reconcile net loss to net cash used in operating activities    
Preferred shares issued as compensation 32,890 53,098
Preferred shares issued pursuant to license agreement 935,088 0
Common shares issued as compensation and for services 42,000 38,250
Warrants granted to Scientific Advisory Board 1,352 1,986
Amortization of loan origination fees 0 9,825
Depreciation 174,357 175,162
Amortization 2,067 2,067
Changes in operating assets and liabilities:    
Prepaid expenses 111,423 44,257
Other assets 0 3,910
Accounts payable (83,768) (122,560)
Accounts payable - related party 673,638 (123,762)
Accrued expenses (210) (6,945)
NET CASH USED IN OPERATING ACTIVITIES (724,231) (2,235,945)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (24,313) (34,985)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock and warrants 0 10,442,216
Deferred financing costs 0 (41,024)
Payment of loan payable (71,339) (47,034)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (71,339) 10,354,158
NET CHANGE IN CASH AND CASH EQUIVALENTS (819,883) 8,083,228
Cash and cash equivalents at beginning of period 20,516,677 13,708,594
Cash and cash equivalents at end of period 19,696,794 21,791,822
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Interest paid 892 589
Income tax paid $ 0 $ 0