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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (21,791,757) $ (6,808,657)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 2,075 2,163
Stock-based compensation 12,341,875 798,151
Fair value of shares relinquished in litigation   (394,410)
Realized loss on short-term investments 158,801  
Unrealized gain on short-term investments (287,027)  
Change in operating assets and liabilities:    
Other receivable   (176,980)
Other assets   (6,092)
Lease payment receivable 35,782 32,916
Prepaid expenses 183,329 381,124
Accounts payable 442,506 565,468
Accrued expenses 535,997 (72,692)
Net cash used in operating activities (8,378,419) (5,679,009)
Cash flows from investing activities    
Purchase of short-term investments (62,364,176)  
Sale of short-term investments 22,393,644  
Net cash used in investing activities (39,970,532)  
Cash flows from financing activities    
Principal payments of notes payable (110,247) (114,738)
Proceeds from issuance of common stock 19,855,018 12,583,550
Proceeds from options exercised for common stock 530,643  
Proceeds from warrants exercised for common stock 5,619,276  
Net cash provided by financing activities 25,894,690 12,468,812
Net (decrease)/increase in cash and cash equivalents (22,454,261) 6,789,803
Cash and cash equivalents at beginning of the period 36,278,519 2,426,751
Cash and cash equivalents at end of the period 13,824,258 9,216,554
Cash paid during the period for:    
Income taxes
Interest 954 4,424
Non-cash investing and financing activities:    
Cashless exercise of warrants for common stock $ 36 25
Notes payable issued in connection with directors and officers insurance policies   $ 364,204