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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (1,900,848) $ (157,847)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 60,413 4,593
Non-cash lease expense 265,098 0
Stock based compensation 1,406,699 1,926,506
Change in assets and liabilities:    
Accounts receivable 932,080 144,123
Prepaid and other current assets (874,943) (225,000)
Accounts payable and accrued expenses 113,643 (59,089)
Accrued salaries and wages (237,513) (204,669)
Lease liabilities (264,121) 0
Royalty payable (216,350) (63,444)
Deferred revenue (100,800) 162,265
License fees 0 (3,600,000)
Net cash used in operating activities (816,642) (2,072,562)
Cash flows from investing activities    
Purchase of property and equipment (50,887) (59,041)
Net cash used in investing activities (50,887) (59,041)
Cash flows provided by financing activities    
Proceeds from stock option and warrant exercises 685,101 1,435,140
Net cash provided by financing activities 685,101 1,435,140
Effect of foreign currency translation on cash (295,655) 0
Net decrease in cash and cash equivalents (478,083) (696,463)
Cash and cash equivalents, beginning of period 30,980,473 24,613,638
Cash and cash equivalents, end of period 30,502,390 23,917,175
Non-Cash Transactions    
Cashless exercise of options 2 0
Supplemental Disclosures    
Income taxes paid $ 39,000 $ 0