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Condensed Consolidated Statements of Cash Flows (Unaudied) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,073,307) $ (1,874,382)
Adjustments to reconcile net loss to net cash used in operating activities    
Compensation cost for stock options granted 275,833 215,139
Depreciation and amortization 13,983 7,864
Change in fair value of stock-based compensation liability 1,741,919
Changes in operating assets and liabilities:    
Prepaid expenses (325,635) (244,723)
Research and development tax rebate receivable 280,242 (37,595)
Other assets 2,985 51,512
Accounts payable 110,642 (166,554)
Payroll liabilities (43,312) (428,440)
Accrued expenses (102,230) 82,508
Other current liabilities (30,076) 7,789
Net cash used in operating activities (2,148,956) (2,386,882)
CASH FLOWS FROM INVESTING ACTIVITY    
Purchase of furniture and equipment (51,068)
Net cash used in investing activities (51,068)
CASH FLOWS FROM FINANCING ACTIVITY    
Proceeds from exercise of warrants 11,336,710
Net cash provided by financing activities 11,336,710
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 9,187,754 (2,437,950)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 10,490,493 7,272,469
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 19,678,247 4,834,519
SUPPLEMENTAL DISCLOSURES    
Cash and cash equivalents 19,568,247 4,779,519
Restricted cash 110,000 55,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 19,678,247 4,834,519
NONCASH INVESTING AND FINANCING ACTIVITIES    
Reclassification of stock-based liability awards to equity upon cancellation 3,151,944
Amortization of commitment shares $ 19,852