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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net loss $ (4,926,265) $ (3,868,074)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and impairment 9,591 8,466
Equity-based compensation expense 282,835 71,314
Shares issued for services 0 25,000
Change in fair value of warrant liability 3,868 (220,435)
Changes in operating assets and liabilities:    
Grants receivable (938,923) (1,834,439)
Prepaid expenses and other current assets 417,662 617,709
Accounts payable (577,877) (741,018)
Accrued expenses and other current liabilities (168,461) 298,369
Deferred revenue 0 (541,701)
Net cash used in operating activities (5,897,570) (6,184,809)
Financing activities    
Proceeds from issuance of equity securities, net 26,850,022 9,592,325
Proceeds from warrants exercised for cash 1,485,351 578,714
Payments on note payable (477,028) (502,332)
Net cash provided by financing activities 27,858,345 9,668,707
Net increase in cash, cash equivalents and restricted cash 21,960,775 3,483,898
Cash, cash equivalents and restricted cash at beginning of period 11,118,614 3,738,900
Cash, cash equivalents and restricted cash at end of period 33,079,389 7,222,798
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,468 4,275
Non-cash investing and financing activities:    
Accrued issuance costs for public offering $ 0 $ 125,159