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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (11,404,934) $ (8,122,581)
Adjustments to reconcile net loss to net cash used in operating activities    
Compensation cost for stock options granted 1,053,496 786,550
Loss on disposal of assets 17,695
Impairment of intangible assets 0 461,715
Depreciation and amortization 44,197 128,994
Change in fair value of common stock warrants 280,747
Warrant financing expense 192,817
Change in stock-based compensation liability 1,410,025
Changes in operating assets and liabilities:    
Prepaid expenses (258,889) (79,343)
Research and development tax rebate receivable (159,821) (358,277)
Other assets 74,301 (80,408)
Accounts payable 18,427 80,581
Payroll liabilities 150,203 14,968
Accrued expenses 86,969 73,141
Other current liabilities 24,405 9,451
Net cash used in operating activities (8,961,621) (6,593,950)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of furniture and equipment (110,906)
Net cash used in investing activities (110,906)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of Series B convertible preferred stock and warrants, net of issuance costs 12,290,551
Proceeds from issuance of Class A and Class B Units, net of issuance costs 3,871,636
Proceeds from exercise of warrants 749,233
Proceeds from issuance of common stock and warrants, net of issuance costs 6,162,588
Net cash provided by financing activities 12,290,551 10,783,457
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 3,218,024 4,189,507
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 7,272,469 3,082,962
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 10,490,493 7,272,469
SUPPLEMENTAL DISCLOSURES    
Interest Paid 330
NONCASH INVESTING AND FINANCING ACTIVITIES    
Amortization of commitment shares $ 72,790 $ 79,410