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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net loss $ (1,057,929) $ (2,733,356)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Stock-based compensation 228,861 269,924
Changes in assets and liabilities:    
Prepaid expenses and other assets 39,450 28,138
Accounts payable and other current liabilities (35,739) (270,425)
Net cash used in operating activities (825,357) (2,705,719)
Financing activities:    
Advances of royalties, related party 0 2,500,000
Payment of Preferred Stock cash dividend, related party 0 (99,178)
Proceeds from notes payable 41,600 0
Proceeds from term debt facility, related party 55,000 0
Net cash provided by financing activities 96,600 2,400,822
Net (decrease) increase in cash and cash equivalents (728,757) (304,897)
Cash and cash equivalents at beginning of year 803,816 1,108,713
Cash and cash equivalents at end of year 75,059 803,816
Supplemental disclosure of non-cash financing activities:    
Issuance of common stock for payment of Preferred Stock dividend 200,548 99,946
Accrued, but unpaid dividends $ 100,822 $ 100,822