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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net loss $ (10,123,249) $ (8,047,299)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 78,233 70,840
Stock-based compensation expense 584,297 385,605
Change in deferred income taxes (1,675,381) (485,216)
Changes in operating assets and liabilities:    
Prepaid expenses, deposits, and other assets (224,224) 352,252
Accounts payable, accrued expenses, and other liabilities 1,202,283 303,466
Net cash used in operating activities (10,158,041) (7,420,352)
Cash flows provided by financing activities:    
Proceeds from the sale of common stock 10,827,100 5,731,779
Proceeds from the exercise of common stock warrants 8,046,103
Payment of issuance costs (982,328) (162,829)
Net cash provided by financing activities 17,890,875 5,568,950
Net increase (decrease) in cash and cash equivalents 7,732,834 (1,851,402)
Cash and cash equivalents at beginning of period 14,177,349 7,991,172
Cash and cash equivalents at end of period 21,910,183 6,139,770
Supplemental disclosure of non-cash investing and financing activities:    
Operating lease right of use asset and current and noncurrent liability $ 334,205