XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net loss $ (10,184,836) $ (11,185,222)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,082 6,921
Stock-based compensation 166,994 163,834
Financing expense   900,000
Changes in fair value of warrant liabilities - gain   606,153
Foreign currency exchange losses (gains) 194,619 (210,896)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (490,958) (966,222)
Accounts payable and accrued expenses (1,971,778) (1,327,686)
Total adjustments (2,099,041) (827,896)
Net Cash Used in Operating Activities (12,283,877) (12,013,118)
Cash Flows from Financing Activities:    
Net proceeds from issuance of shares 1,993,529 19,053,960
Net proceeds from exercise of warrants to purchase shares   27,500
Net Cash Provided by Financing Activities 1,993,529 19,081,460
Effect of Exchange Rates on Cash 26,157 (53,767)
Net (Decrease) Increase in Cash (10,264,191) 7,014,575
Cash, beginning of period 14,055,777 5,731,691
Cash, end of period $ 3,791,586 $ 12,746,266