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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net loss $ (2,558,815) $ (2,747,809)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 27,020 18,272
Stock-based compensation expense 191,380 91,204
Change in deferred income taxes (362,380) (150,352)
Changes in operating assets and liabilities:    
Prepaid expenses, deposits and other assets (346,030) (119,644)
Accounts payable, accrued expenses and other liabilities (455,489) 250,871
Net cash used in operating activities (3,504,314) (2,657,458)
Cash flows provided by financing activities:    
Proceeds received from the exercise of common stock warrants 393,425
Payment of financing costs that were previously classified in accounts payable (238,232)
Net cash provided by financing activities 155,193
Net decrease in cash and cash equivalents (3,349,121) (2,657,458)
Cash and cash equivalents at beginning of period 14,177,349 7,991,172
Cash and cash equivalents at end of period 10,828,228 5,333,714
Supplemental disclosure of non-cash investing and financing activities:    
Offering costs in accounts payable and accrued expenses 258,627 28,549
Operating lease right of use asset and current and noncurrent liability $ 334,205