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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (14,144,049) $ (8,839,682)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 9,016 13,621
Loss (Gain) on disposal of property and equipment 0 76
Issuance and vesting of compensatory stock options and warrants 316,260 498,491
Issuance of common stock for services rendered 100,362 0
Issuance of common stock as compensation 190,083 79,589
Deemed dividend on preferred stock 7,330,604 0
Change in the fair value of warrants 0 (192,419)
Amortization of premium on marketable securities 91,511 187,513
Changes in operating assets and liabilities    
Accounts receivable, prepaid expenses and other assets (122,605) 1,110,272
Accounts payable and accrued liabilities 729,357 (4,997,978)
Net cash used in operating activities (5,499,461) (12,140,517)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of marketable securities (493,822) (299,172)
Sale of marketable securities 7,856,215 4,053,081
Purchase of property and equipment (7,595) (4,537)
Net cash provided by investing activities 7,354,798 3,749,372
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds for issuance of convertible preferred stock, net of issuance costs 8,907,174 0
Net cash provided by financing activities 8,907,174 0
Net change in cash and cash equivalents 10,762,511 (8,391,145)
Cash and cash equivalents, beginning of period 1,604,810 9,995,955
Cash and cash equivalents, end of period 12,367,321 $ 1,604,810
Non-cash financing activity    
Adoption of ASU 2017-11: Reclassification of equity related financial instruments $ 33,673