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Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net loss $ (8,757,704) $ (4,079,362)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 673,117 723,800
Milestone expense 5,000,000  
Change in operating assets and liabilities:    
Prepaid expenses and other assets 455,131 285,496
Accounts payable and other current liabilities (478,519) (485,247)
Net cash used in operating activities (3,107,975) (3,555,313)
Financing activities    
Proceeds from issuance of common stock, net 3,330,366 5,676,388
Proceeds from paycheck protection program 104,168  
Proceeds from Eversana line of credit 2,000,000  
Net cash provided by financing activities 5,434,534 5,676,388
Net increase in cash and cash equivalents 2,326,559 2,121,075
Cash and cash equivalents at beginning of period 5,663,833 5,319,004
Cash and cash equivalents at end of period $ 7,990,392 $ 7,440,079