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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (17,827,952) $ (17,239,777)
Adjustments to reconcile net loss to net cash used in operating activities    
Compensation cost for stock options granted 3,019,409 7,102,118
Disposal of assets 31,732 5,806
Depreciation and amortization 46,520 52,789
Change in fair value of common stock warrant liability 2,332,567
Warrant financing expense 938,794
Change in stock-based compensation liability 1,741,919
Changes in operating assets and liabilities:    
Prepaid expenses (951,558) (352,511)
Research and development tax rebate receivable 104,716 (221,558)
Other assets (631,532) 4,812
Accounts payable 1,295,442 (60,157)
Accrued expenses 15,479 (99,186)
Payroll liabilities 64,245 (35,650)
Other current liabilities (8,144) (27,047)
Net cash used in operating activities (11,570,282) (9,128,442)
CASH FLOWS FROM INVESTING ACTIVITY    
Purchase of furniture and equipment (9,367) (7,625)
Net cash used in investing activities (9,367) (7,625)
CASH FLOWS FROM FINANCING ACTIVITY    
Proceeds from issuance of common stock, net of issuance costs 4,664,947
Proceeds from issuance of common stock and warrants, net of issuance costs 28,954,440
Proceeds from issuance of Series C convertible preferred stock and warrants, net of issuance costs 4,947,219
Payment of taxes related to net-exercise of employee stock options (14,422)
Proceeds from exercise of warrants 0 11,336,710
Net cash provided by financing activities 38,552,184 11,336,710
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 26,972,535 2,200,643
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 12,691,136 10,490,493
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 39,663,671 12,691,136
SUPPLEMENTAL DISCLOSURES    
Cash and cash equivalents 39,553,671 12,581,136
Restricted cash 110,000 110,000
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows 39,663,671 10,490,493
NONCASH INVESTING AND FINANCING ACTIVITIES    
Reclassification of stock-based liability awards to equity upon cancellation 3,151,944
Deemed dividend attributable to preferred stock 4,502,799
Conversion of Series B Convertible Preferred Stock into Common Stock [Member]    
NONCASH INVESTING AND FINANCING ACTIVITIES    
Conversion of convertible preferred stock to common stock 50,000 1,707,999
Conversion of Series C Convertible Preferred Stock to Common Stock [Member]    
NONCASH INVESTING AND FINANCING ACTIVITIES    
Conversion of convertible preferred stock to common stock $ 5,425,000