Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,327,250) $ (1,822,518)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,458 5,723
Gain on sale of property and equipment (2,000) 0
Share-based expense 243,089 383,850
Warrant-based income (expense) for services (26,576) 4,917
Vendor share-based expense 17,427 17,427
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (536,698) (51,888)
Accounts payable, accrued expenses and other liabilities 376,028 (204,314)
Net cash used in operating activities (1,254,522) (1,666,803)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of property and equipment 2,000 0
Net cash provided by investing activities 2,000 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock and warrants 2,699,050 0
Net cash provided by financing activities 2,699,050 0
Net change in cash and restricted cash 1,446,528 (1,666,803)
Cash and restricted cash at beginning of period 638,115 5,599,572
Cash and restricted cash at end of period 2,084,643 3,932,769
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 8 671
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Right of use asset acquired in exchange for lease liability $ 43,330 $ 0