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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (3,048,618) $ (3,985,408)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 257,622 124,992
Stock-based 401K company common match 35,747 9,800
Depreciation expense 1,860 3,902
Operating lease expense 60,257 0
Changes in assets and liabilities:    
Prepaid expenses and other assets (721,849) (570,916)
Accounts payable (464,626) 1,358,983
Accrued expenses 119,473 122,551
Restructuring reserve 0 (228,298)
Operating lease liabilities (42,057) 0
Net cash used in operating activities (3,802,191) (3,164,394)
Cash flows from financing activities:    
Proceeds from exercise of warrants 0 70,459
Proceeds from issuance of common stock, net of issuance costs 0 11,970,002
Net cash provided by financing activities 0 12,040,461
Net increase (decrease) in cash and cash equivalents (3,802,191) 8,876,067
Cash and cash equivalents at beginning of period 28,839,565 12,161,739
Cash and cash equivalents at end of period $ 25,037,374 $ 21,037,806