Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (3,475,823) $ (2,891,324)  
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 17,301 86,911  
Stock-based compensation expense 173,438 165,674  
Loss on revaluation of derivative warrants 26,950 82,475  
Changes in:      
Accounts payable and accrued liabilities 16,025 (230,341)  
Prepaid expenses and other current assets 107,984 (199,616)  
Other assets and liabilities (49,980) (1,216)  
Cash used in operating activities (3,184,105) (2,987,437)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of fixed assets (1,425) (66,301)  
Cash used in investing activities (1,425) (66,301)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of warrants 0 2,934,759  
Payments on notes payable 0 (86,591)  
Payments on capital lease obligations (728) (655)  
Cash (used in) provided by financing activities (728) 2,847,513  
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (3,186,258) (206,225)  
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 10,061,421 11,444,619 $ 11,444,619
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 6,875,163 11,238,394 $ 10,061,421
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest expense $ 0 $ 364