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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (50,811,138) $ (24,402,590)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 6,281,555 2,144,866
Non-cash research and development license expense 7,155,337  
Amortization of debt discount 356,664 294,818
Depreciation 10,960 22,549
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 275,914 431,447
Other assets   (56,624)
Accounts payable (1,580,100) 2,449,875
Accrued expenses and other current liabilities (3,857,658) 934,659
Net cash used in operating activities (42,168,466) (18,181,000)
Cash flows from investing activities    
Purchases of equipment (10,759) (11,464)
Net cash used in investing activities (10,759) (11,464)
Cash flows from financing activities    
Procceds from issuance of common stock upon financing, net 12,074,999 44,455,380
Proceeds from issuance of term loan   20,000,000
Repayment of principal on term loan   (7,238,889)
Proceeds from issuance of common stock upon exercise of options 820,165 615,498
Proceeds issuance of common stock upon exercise of warrants 3 144,870
Net cash (used in) provided by financing activities 12,895,167 57,976,859
Net (decrease) increase in cash (29,284,058) 39,784,395
Cash at beginning of period 219,966,167 13,968,742
Cash at end of period 190,682,109 53,753,137
Supplemental disclosures of cash flow information:    
Interest paid $ 762,501 595,833
Supplemental disclosures of non-cash financing activity:    
Issuance of warrants in connection with debt financing   $ 387,000