v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss $ (2,920,691) $ (3,121,528) $ (6,396,514) $ (6,012,853)  
Adjustments to reconcile net loss to cash used in operating activities:          
Depreciation and amortization     34,168 188,325  
Stock-based compensation expense 175,579 231,086 349,017 396,760  
Loss/(Gain) on revaluation of derivative warrants 20,000 (90,000) 46,950 (7,525)  
Changes in:          
Accounts payable and accrued liabilities     225,888 49,864  
Prepaid expenses and other current assets     190,575 (263,169)  
Other assets and liabilities     (179,720) (2,432)  
Cash used in operating activities     (5,729,636) (5,651,030)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of fixed assets     (1,425) (320,510)  
Cash used in investing activities     (1,425) (320,510)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Payments on notes payable     0 (86,591)  
Proceeds from exercise of warrants     0 2,940,759  
Change in deferred issuance costs     (93,138) (12,847)  
Payments on capital lease obligations     (1,478) (1,327)  
Cash provided by (used in) financing activities     (94,616) 2,839,994  
NET (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     (5,825,677) (3,131,546)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD     10,061,421 11,499,619 $ 11,499,619
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 4,235,744 $ 8,368,073 4,235,744 8,368,073 $ 10,061,421
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION          
Cash paid for interest expense     $ 0 $ 364  

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