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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss from operations $ (13,176,663) $ (6,700,606)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 13,978 29,037
Loss on retirement of equipment and furnishings
Stock-based compensation expense 327,854
Changes in assets and liabilities:    
Insurance receivable 125,105 7,628
Prepaid expenses and other current assets (215,707) (94,449)
Reduction of right of-use assets 183,306 201,103
Accounts payable 68,598 189,114
Other assets (9,246)
Decrease in lease liabilities (181,103) (119,007)
Accrued expenses and other current liabilities 873,596 28,439
Net cash used in operating activities (12,308,890) (6,140,133)
Cash flows from investing activities:    
Purchases of equipment and furnishings (7,004) (25,902)
Net cash used in investing activities (7,004) (25,902)
Cash flows from financing activities:    
Net proceeds from Security Purchase Agreement 9,175,790
Preferred stock dividend (171,668)
Proceeds from the exercise of stock options 78,000 39,000
Net cash provided by financing activities 9,082,122 39,000
Net decrease in cash and cash equivalents (3,233,772) (6,127,035)
Cash and cash equivalents at beginning of year 10,003,375 16,130,410
Cash and cash equivalents at end of year 6,769,603 10,003,375
Supplemental disclosures of Cash Flow Information:    
Recognition of operating lease right-of-use assets and obligations under ASC Topic 842 715,310
Reclassification of right-of-use assets, from prepaid expenses 66,271
Insurance claims to offset accounts payable $ 200,000 $ 325,105