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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (5,288,834) $ (4,172,022)
Income from discontinued operations 397,955
Loss from continuing operations (5,288,834) (4,569,977)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 21,524 15,824
Loss on retirement of fixed assets 5,432
Stock-based compensation expense 260,598 644,113
Changes in assets and liabilities:    
Receivable 7,628 143,738
Prepaid expenses and other current assets (464,063) (497,040)
Other assets (9,246) 30,523
Amortization of right-of-use asset 156,279
Accounts payable 1,634,946 959,514
Decrease in lease liabilities (145,609)
Accrued expenses and other current liabilities 285,145 209,914
Net cash used in operating activities from continuing operations (3,541,631) (3,057,959)
Net cash used in operating activities from discontinued operations (300,341)
Net cash used in operating activities (3,541,631) (3,358,300)
Cash flows from investing activities    
Purchase of short-term investments (10,023,850)
Purchase of equipment and furnishings (25,902)
Sale of fixed assets held for sale 500,142
Net cash used in investing activities (25,902) (9,523,708)
Cash flows from financing activities:    
Proceeds from exercise of stock options 39,000
Net cash used in financing activities 39,000
Net decrease in cash and cash equivalents (3,528,532) (12,882,008)
Cash and cash equivalents at beginning of period 16,130,410 21,373,273
Cash and cash equivalents at end of period 12,601,878 8,491,265
Supplemental disclosure of Cash Flow Information:    
Recognition of operating lease right-of-use assets and obligations under ASC Topic 842 715,310
Reclassification of right-of-use asset, from prepaid expenses 66,271
Insurance claims to offset accounts payable $ 613,905