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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss from operations $ (4,150,352) $ (5,288,834)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 9,831 21,524
Stock-based compensation expense 260,598
Changes in assets and liabilities:    
Insurance claim receivable 324,030 7,628
Prepaid expenses and other current assets 1,007,152 (464,063)
Other assets (9,246)
Amortization of right-of-use asset 136,861 156,279
Accounts payable (234,109) 1,634,946
Decrease in lease liabilities (134,949) (145,609)
Accrued expenses and other current liabilities 242,424 285,145
Net cash used in operating activities (2,799,112) (3,541,631)
Cash flows from investing activities:    
Purchase of fixed assets (25,902)
Net cash used in investing activities (25,902)
Cash flows from financing activities    
Net proceeds from issuance of common stock and investment option 5,153,090
Net proceeds from issuance of preferred stock 4,022,700
Proceeds from exercise of stock options 78,000 39,000
Net cash from financing activities 9,253,790 39,000
Net increase (decrease) in cash and cash equivalents 6,454,678 (3,528,532)
Cash and cash equivalents at beginning of period 10,003,375 16,130,410
Cash and cash equivalents at end of period 16,458,053 12,601,878
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