XML 19 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2018
Jun. 30, 2017
Cash Flows From Operating Activities:      
Net loss $ (7,511,092) $ (9,449,295) $ (14,891,050)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 745,741 234,510 1,700,225
Stock issued for services     56,160
Change in fair value of derivative instruments-warrants (1,062,769) (5,322,362) (4,224,819)
Change in fair value of contingent consideration   265,398  
Change in the fair value of debt   108,942  
Deferred tax liability adjustment (372,920) (536,000)  
Loss on the sale of assets   4,474  
Depreciation and amortization expense 10,969 18,787 27,993
Changes in operating assets and liabilities:      
Accounts payable and accrued expense (111,207) (897,695) (2,128,263)
Deferred rent liability   9,235  
Prepaid expenses and other assets 91,992 (82,021) 287,644
Net Cash used in Operating Activities (8,209,286) (15,646,027) (19,172,110)
Cash Flows From Investing Activities:      
Proceeds from sale of fixed asset   900  
Purchases of property and equipment     (14,709)
Net Cash Provided by (Used in) Investing Activities   900 (14,709)
Cash Flows From Financing Activities:      
Change in current portion of capital lease     (10,410)
Proceeds from the issuance of common stock 1,180,555 1,635,140 24,659,760
Proceeds from issuance of Series C Preferred stock, net   10,414,741  
Proceeds from the exercise of warrants   142,600 85,000
Proceeds from stock options exercised     31,277
Proceeds from debt financing   2,000,000  
Repayment of debt financing   (668,942)  
Payment of contingent consideration milestone   (1,000,000)  
Net cash provided by Financing Activities 1,180,555 12,523,539 24,765,627
Net (decrease) increase in cash (7,028,731) (3,121,588) 5,578,808
Cash at beginning of period 12,982,748 5,954,017 7,403,940
Cash at end of period 5,954,017 2,832,429 12,982,748
Supplementary Disclosure Of Cash Flow Information:      
Cash paid for interest   131,058  
Supplementary Disclosure Of Non-Cash Financing Activities:      
Stock issued to employees in lieu of cash payment for accrued bonus $ 230,086 296,037  
Issuance of common stock in conjunction with milestone payment   55,398  
Derecognition of Series C warrants exercised   34,136 75,417
Fair value of warrants issued in conjunction with common stock offering   5,091,373 $ 3,976,501
Warrants issued to placement agent   221,269  
Series A convertible preferred stock      
Supplementary Disclosure Of Non-Cash Financing Activities:      
Conversion of convertible preferred stock   184,320  
Series C convertible preferred stock      
Supplementary Disclosure Of Non-Cash Financing Activities:      
Conversion of convertible preferred stock   4,680,212  
Beneficial Conversion Factor accreted as Series C dividend   $ 3,771,639