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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,491,647) $ (675,136)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 187,584 454
Realized and unrealized gain on marketable securities (2,156) (4,951)
Provision for doubtful accounts 14,632 0
Stock-based compensation expense 863,883 5,228
Change in fair value of warrant liability (623,627) 0
Non-cash transaction expenses 389,976 0
Change in operating assets and liabilities:    
Accounts receivable (4,610) (200,000)
Contract assets 33,502 0
Prepaid expenses (235,486) (84,007)
Right of use assets and lease liabilities, net (8,657) 0
Deposits and other assets (301,208) 0
Accounts payable and accrued expense 717,632 166,361
Deferred revenues (124,610) 333,333
Other long-term liabilities (2) 0
Net cash used in operating activities (3,584,794) (458,718)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment (64,041) (2,350)
Purchase of marketable securities 0 (2,888,648)
Sale of marketable securities 4,000,000 569,452
Cash acquired as part of business combination 1,310,977 0
Net cash provided by (used in) investing activities 5,246,936 (2,321,546)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of MOR Series S units 0 3,315,700
Proceeds from exercise of MOR Class B options 292,830 0
Payments on notes payable and financing arrangements (682) 0
Net cash provided by financing activities 292,148 3,315,700
Effect of foreign exchange rate changes on cash (24,006) 0
Net change in cash 1,930,284 535,436
Cash and cash equivalents, beginning of period 665,463 494
Cash and cash equivalents, end of period 2,595,747 535,930
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest and taxes 724 0
Conversion of promissory notes to Series S units 0 184,300
Non-cash consideration for Helix acquisition $ 18,454,784 $ 0