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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net loss $ (11,701,717) $ (6,662,367)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,921 10,266
Stock-based compensation 163,834 804,061
Financing expense 900,000  
Changes in fair value of the liability for options/warrants - losses (gains) 1,122,648 528,083
Foreign currency exchange (gains) losses (210,896) 91,905
Increase in assets:    
Prepaid expenses and other current assets (966,222) (324,111)
(Decrease) increase in liabilities:    
Accounts payable and accrued expenses (1,327,686) 1,008,598
Total adjustments (311,401) 2,118,802
Net Cash Used in Operating Activities (12,013,118) (4,543,565)
Cash Flows from Financing Activities:    
Net proceeds from issuance of shares 19,053,960 1,473,828
Net proceeds from exercise of warrants to purchase shares 27,500  
Net Cash Provided by Financing Activities 19,081,460 1,473,828
Effect of Exchange Rates on Cash (53,767) (144,203)
Net Decrease in Cash 7,014,575 (3,213,940)
Cash, beginning of period 12,746,266 2,754,027
Cash, end of period 5,731,691 5,967,967
Supplemental Disclosures of Non-Cash Financing Activities:    
Deferred financing costs recognized and included in Additional paid-in capital $ 321,956 $ 114,058