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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (19,919,768) $ (25,768,184)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,723 7,866
Stockbased compensation 3,686,060 2,161,931
Amortization of right of use lease asset 129,518 108,164
Foreign currency (gain) (269,140) (358,201)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,904,566 1,480,655
Accounts payable (2,142,301) 3,266,274
Accrued expenses and other liabilities (2,533,713) 2,185,307
Lease liability (135,934) (263,750)
Net cash used in operating activities (19,273,989) (17,179,938)
Cash flows from investing activities:    
Purchases of property and equipment   (10,144)
Net cash used in investing activities   (10,144)
Cash flows from financing activities:    
Proceeds from the exercise of stock options   150,949
Net cash provided by financing activities   150,949
Decrease in cash and cash equivalents (19,273,989) (17,039,133)
Effect of exchange rate changes on cash 60,148 (188,232)
Cash and cash equivalents-beginning of year 89,017,686 130,088,869
Cash and cash equivalents-end of period $ 69,803,845 $ 112,861,504