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Note 2 - Liquidity and Capital Resources
9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Substantial Doubt about Going Concern [Text Block]
NOTE
2:
GOING CONCERN
 
The Company has incurred net losses and negative operating cash flows since inception. For the
nine
 months ended
September 30, 2019,
the Company recorded a net loss of approximately
$14.6
 million and used approximately
$6.4
million of cash in operating activities. As of
September 30, 2019,
the Company had approximately
$15.3
 million in cash and cash equivalents and working capital of approximately
$14.8
 million. The Company has
not
yet established an ongoing source of revenue sufficient to cover its operating costs and is currently expending funds in research and development activities that are expected to continue to require funding. Management believes the currently available funding will be sufficient to finance the Company’s operations for
10
-
14
 months from the date of these condensed consolidated financial statements depending on the timing and extent of the Company’s clinical trials. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. The Company can give
no
assurances that any additional capital that it is able to obtain, if any, will be sufficient to meet its needs, or that any such capital will be obtained on acceptable terms. If the Company is unable to obtain adequate capital, the Company
may
be required to reduce the scope, delay, or eliminate some or all of its planned commercial activities. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do
not
include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities should the Company be unable to continue as a going concern.
 
Management’s plan to continue as a going concern includes obtaining additional capital resources. As the Company is currently
not
generating revenues, continued timely expenditures on trials is important to bring its product(s) to market as soon as able. Management’s plans to obtain such resources for the Company include obtaining capital from the sale of its equity securities, entering into strategic partnership arrangements, potential exercise of outstanding warrants, and short-term borrowings from banks, stockholders or other related parties, if needed. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.