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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net loss $ (12,148,257) $ (6,483,931)
Adjustments to reconcile net loss to cash used in operating activities:    
Amortization and depreciation 52,635 37,892
Non-cash lease expense 100,720 91,185
Share-based compensation 211,266 233,992
Issuance of common stock for milestone 5,000,000
Issuance of common stock for services 59,000 159,238
Realized gain on sale of office furniture (3,843)
Change in operating assets and liabilities:    
Contracts and grants receivable 624,433 332,418
Prepaid expenses and other current assets (70,500) (432,038)
Research and development incentives receivable (5,164)
Operating lease liability (101,779) (89,919)
Deferred revenue 34,988
Accounts payable and accrued expenses (827,680) 1,509,729
Accrued compensation (224,145) (255,999)
Total adjustments 4,818,786 1,617,643
Net cash used in operating activities (7,329,471) (4,866,288)
Investing activities:    
Purchases of office furniture and equipment (7,147)
Proceeds from sale of office furniture 5,500
Net cash provided by (used in) investing activities (7,147) 5,500
Financing activities:    
Proceeds from issuance of common stock pursuant to FBR At Market Issuance Sales Agreement 12,691,268 2,554,147
Costs associated with FBR At Market Issuance Sales Agreement (551,755) (102,169)
Proceeds from the exercise of warrants 685,384
Financing lease principal repayments (5,566) (5,039)
Paycheck Protection Program loan 417,830
Proceeds from the exercises of stock options 4,987
Net cash provided by financing activities 13,242,148 2,446,939
Effect of exchange rate on cash and cash equivalents 16,556 (18,075)
Net increase (decrease) in cash and cash equivalents 5,922,086 (2,431,924)
Cash and cash equivalents at beginning of period 5,420,708 8,983,717
Cash and cash equivalents at end of period 11,342,794 6,551,793
Supplemental information:    
Cash paid for state income taxes 4,021 5,000
Cash paid for lease liabilities:    
Operating lease 106,950 104,625
Financing lease 6,408 6,408
Non-cash activities:    
Right-of-use assets and lease liabilities recorded 240,727 255,962
Deferred issuance cost included in accounts payable 57,884
Deferred issuance cost reclassified to additional-paid-in capital 124,981 24,033
Issuance of restricted common stock to vendor for website re-development $ 46,500