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Condensed Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities    
Net loss $ (5,450,910) $ (5,932,384)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 28,229 2,553
Stock-based compensation 583,865 1,032,960
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (189,021) (427,573)
Accounts payable (288,600) 551,519
Accrued compensation (568,864) (495,043)
Accrued expenses and other current liabilities (32,623) (630,388)
Deferred rent (3) 1,616
Net Cash Used In Operating Activities (5,917,927) (5,896,740)
Cash Flows From Investing Activities    
Purchases of property and equipment (93,930) 0
Net Cash Used In Investing Activities (93,930) 0
Cash Flows From Financing Activities    
Proceeds from sale of units in private placement [1] 5,569,136 0
Repayment of short-term note payable (52,051) 0
Payment of private placement issuance costs (1,738) 0
Proceeds from exercise of stock options 0 483,888
Net Cash Provided By Financing Activities 5,515,347 483,888
Net Decrease in Cash (496,510) (5,412,852)
Cash - Beginning of Period 14,152,601 19,728,200
Cash - End of Period 13,656,091 14,315,348
Supplemental Disclosure of Cash Flow Information:    
Interest expense 1,699 0
Income taxes 0 0
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Accrual of private placement offering costs 115,656 0
Purchase of insurance premium financed by short-term note payable 475,216 0
Exercise of warrants on a cashless basis $ 0 $ 24
[1] Includes gross proceeds of $5,984,931, less issuance costs of $415,795 deducted directly from the offering proceeds.