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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:          
Net (loss) income $ (2,929,344) $ (3,885,852) $ (6,914,752) $ 2,930,847  
Adjustments to reconcile net (loss) income to net cash used in operating activities:          
Stock-based compensation expense     171,106 2,773,451  
Stock-based 401K company common match     19,967 25,244  
Depreciation expense     7,805 62,706  
Amortization of the right-to-use asset     41,800 0  
Bargain purchase gain from merger 0 (209,449) 0 (11,939,331)  
Changes in assets and liabilities:          
Prepaid expenses and other assets     (198,184) 157,273  
Accounts payable     (105,193) (1,157,171)  
Accrued expenses     96,718 (292,678)  
Restructuring reserve     (371,323) (786,396)  
Cash payments for expenses:          
Payments made for operating lease     (15,649) 0  
Net cash used in operating activities     (7,267,705) (8,226,055)  
Cash flows from investing activities:          
Cash received in reverse merger transaction     0 29,106,512  
Net cash provided by investing activities     0 29,106,512  
Cash flows from financing activities:          
Proceeds from exercise of warrants     70,459 0  
Proceeds from issuance of common stock, net of issuance costs     11,970,002 750,000  
Net cash provided by financing activities     12,040,461 750,000  
Net increase in cash and cash equivalents     4,772,756 21,630,457  
Cash and cash equivalents at beginning of period     12,161,739 103,695 $ 103,695
Cash and cash equivalents at end of period $ 16,934,495 $ 21,734,152 16,934,495 21,734,152 $ 12,161,739
Cash paid for:          
Interest     0 606  
Supplemental cash flow information:          
Conversion of convertible notes and accrued interest into common stock     0 32,953  
Consideration in connection with reverse merger transaction     $ 0 $ 15,793,638