Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,040,451) $ (53,814,778)
Adjustments to reconcile net loss to net cash used in operating activities:    
In-process research and development expense 0 39,500,000
Depreciation 19,337 27,246
Amortization of hybrid debt instrument discount 0 519,099
Non-cash interest expense   168,751
Share-based payments 1,512,310 1,518,344
Warrant-based expense for services (118,236) 1,116,852
Vendor share-based payments 97,781 0
Change in fair value of derivative liability 0 (2,146,587)
Loss on issuance of hybrid debt instruments 0 1,690,787
Hybrid debt instrument issuance costs 0 (12,093)
Loss on conversion of debt 0 6,187,337
Other non-cash transactions 0 40,611
Changes in operating assets and liabilities:    
Accounts receivable 2,957,500 0
Prepaid expenses and other assets 13,268 43,682
Accounts payable, accrued expenses and other liabilities 214,376 997,500
Net cash used in operating activities (3,344,115) (4,163,249)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (9,264) (14,613)
Net cash used in investing activities (9,264) (14,613)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of debt 0 4,500,000
Payments on loan from related party 0 (242,471)
Net cash provided by financing activities 0 4,257,529
Net change in cash, excluding restricted cash (3,353,379) 79,667
Cash at beginning of period 4,048,131 132,229
Cash at end of period 694,752 211,896
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 1,551 0
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Convertible debt paid in common stock 0 6,500,000
Interest paid in common stock 0 227,829
Issuance of warrants in connection with debt 0 2,107,835
Recording of derivative liability in connection with debt 0 4,120,359
Common stock exchanged for Series A convertible preferred stock 0 970
Issuance of common stock for goods and services 0 993,667
Reclassification of common shares issuable to accounts payable 65,977 0
Conversion of Series B preferred stock to common stock 185 0
Issuance of common stock for promissory note converted in 2016 $ 125 $ 0