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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (3,309,866) $ (14,621,750) $ (9,326,825)
Adjustments to reconcile net loss to net cash used in operating activities      
Compensation cost for stock options granted   6,346,281 726,252
Disposal of assets   5,806
Depreciation and amortization   40,289 28,690
Change in fair value of stock-based compensation liability   1,741,919 2,180,659
Changes in operating assets and liabilities:      
Prepaid expenses   79,791 (39,387)
Research and development tax rebate receivable   (50,882) (122,218)
Other assets   28,878 (114,353)
Accounts payable   148,102 215,803
Payroll liabilities   (165,343) (78,717)
Accrued expenses   48,398 (38,432)
Other current liabilities   (21,524) 50,543
Net cash used in operating activities   (6,420,035) (6,517,985)
CASH FLOWS FROM INVESTING ACTIVITY      
Purchase of furniture and equipment   (7,625) (54,448)
Net cash used in investing activities   (7,625) (54,448)
CASH FLOWS FROM FINANCING ACTIVITY      
Proceeds from issuance of Series B convertible preferred stock and warrants, net of issuance costs   12,290,551
Proceeds from exercise of warrants   11,336,710
Net cash provided by financing activities   11,336,710 12,290,551
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH   4,909,050 5,718,118
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE   10,490,493 7,272,469
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 12,990,587 15,399,543 12,990,587
SUPPLEMENTAL DISCLOSURES      
Cash and cash equivalents 12,935,587 15,289,543 12,935,587
Restricted cash 55,000 110,000 55,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 12,990,587 15,399,543 12,990,587
NONCASH INVESTING AND FINANCING ACTIVITIES      
Reclassification of stock-based liability awards to equity upon cancellation   3,151,944
Amortization of commitment shares $ 19,853 $ 59,556