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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,722,287) $ (6,779,728)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 69,420 47,963
Gain on disposal of assets 0 (12,461)
Stock-based compensation expense 516,237 2,201,401
Non-cash interest 5,607 21,015
Change in fair value of contingent rights 12,665 4,422
Changes in operating assets and liabilities:    
Prepaid expenses and other (119,686) 40,840
Accounts payable 139,339 34,793
Accrued liabilities 51,694 (7,486)
Net cash used in operating activities (5,047,011) (4,449,241)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of furniture and equipment 0 158,446
Purchases of furniture and equipment (405,849) (159,244)
Net cash used in investing activities (405,849) (798)
CASH FLOWS FROM FINANCING ACTIVITIES    
Stock issuance costs 0 (72,087)
Proceeds from sale of common stock 0 17,254,341
Proceeds from sale of common stock to be issued 0 6,274,000
Net cash provided by financing activities 0 23,456,254
Net (decrease) increase in cash and cash equivalents (5,452,860) 19,006,215
Cash and cash equivalents at beginning of period 27,092,928 5,131,114
Cash and cash equivalents at end of period 21,640,068 24,137,329
Non-cash financing activity:    
Partial settlement of contingent rights derivative $ 0 $ 3,232,502