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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
1 Months Ended 3 Months Ended
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss   $ (2,947,420) $ (4,073,307)
Adjustments to reconcile net loss to net cash used in operating activities      
Compensation cost for stock options granted   687,752 275,833
Depreciation and amortization   12,326 13,983
Change in fair value of stock-based compensation liability   1,741,919
Changes in operating assets and liabilities:      
Prepaid expenses   (474,776) (325,635)
Research and development tax rebate receivable   5,316 280,242
Other assets   (108,389) 2,985
Accounts payable   63,081 110,642
Accrued expenses   (25,414) (102,230)
Payroll liabilities   (433,037) (43,312)
Other current liabilities   (9,434) (30,076)
Net cash used in operating activities   (3,229,995) (2,148,956)
CASH FLOWS FROM INVESTING ACTIVITY      
Net cash used in investing activities  
CASH FLOWS FROM FINANCING ACTIVITY      
Proceeds from exercise of warrants $ 11,300,000 0 11,336,710
Net cash provided by financing activities   11,336,710
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH   (3,229,995) 9,187,754
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE   12,691,136 10,490,493
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 19,678,247 9,461,141 19,678,247
SUPPLEMENTAL DISCLOSURES      
Cash and cash equivalents 19,568,247 9,351,141 19,568,247
Restricted cash 110,000 110,000 110,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE $ 19,678,247 9,461,141 19,678,247
NONCASH INVESTING AND FINANCING ACTIVITIES      
Reclassification of stock-based liability awards to equity upon cancellation   $ 3,151,944