v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,809,202) $ (6,396,514)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 66,347 34,168
Stock-based compensation expense 509,125 349,017
Noncash lease expense 27,123 0
Loss on revaluation of derivative warrants 3,000 46,950
Changes in:    
Accounts payable and accrued liabilities 984,198 225,888
Lease liability (33,843) 0
Prepaid expenses and other current assets (692,628) 190,575
Other assets and liabilities 477,695 (179,720)
Cash used in operating activities (5,468,185) (5,729,636)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (15,724) (1,425)
Cash used in investing activities (15,724) (1,425)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Change in deferred issuance cost 0 (93,138)
Proceeds from issuance of common stock, net of underwriting issuance costs 9,024,569 0
Payments on capital lease obligations (1,645) (1,478)
Cash (used in) provided by financing activities 9,022,924 (94,616)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 3,539,015 (5,825,677)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 13,310,616 10,061,421
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 16,849,631 4,235,744
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest expense 880 0
Obtaining a right-of-use asset in exchange for a lease liability 405,000 0
Lease liability established through right-of-use asset $ 609,000 $ 0

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