v3.21.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities    
Net loss $ (9,135,486) $ (7,625,397)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 693,109 941,964
Depreciation and amortization 97,549 123,660
Amortization of right-of-use assets 286,423 273,003
Change in fair value of derivatives (211,807)
Loss on impairment 588,822
Loss on other expenses 215,906
Changes in operating assets and liabilities:    
Accounts receivable 32,022
Prepaid expenses and other current assets (117,820) (52,341)
Accounts payable 169,173 144,067
Accrued expenses 614,428 (56,960)
Payments on lease liabilities (288,685) (265,240)
Total adjustments 1,458,276 1,728,997
Net Cash Used in Operating Activities (7,677,210) (5,896,400)
Cash Flows from Investing Activities    
Purchase of property and equipment (180,291) (363,891)
Net Cash Used in Investing Activities (180,291) (363,891)
Cash Flows from Financing Activities    
Proceeds from private placement, net 570,341 2,317,276
Proceeds from public offerings, net 9,847,901 3,319,656
Proceeds from preferred stock issued in private placement, net 1,358,102
Proceeds from issuance of note payable 312,700
Proceeds from warrant exercises 2,985,755
Net Cash Provided by Financing Activities 15,074,799 5,636,932
Net Increase (Decrease) in Cash, Cash Equivalent, and Restricted Cash 7,217,298 (623,359)
Cash, cash equivalents and restricted cash - Beginning of period 2,117,286 2,740,645
Cash, cash equivalents and restricted cash - End of period 9,334,584 2,117,286
Supplemental Disclosures of Cash Flow Information:    
Cash Paid During the Period For: Interest paid 933
Cash Paid During the Period For: Income taxes paid
Non-Cash Investing and Financing Activities    
Derivative liabilities reclassified to equity 334,229
Exchange of preferred stock for common stock

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