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, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,179,429) $ (1,327,250)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 591 1,458
Amortization of right of use asset 6,824 0
Gain on sale of property and equipment 0 (2,000)
Share-based expense 165,598 216,513
Vendor share-based payments 0 17,427
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (86,448) (536,698)
Accounts payable, accrued expenses and other liabilities 92,144 376,028
Net cash used in operating activities (1,000,720) (1,254,522)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of property and equipment 0 2,000
Net cash provided by investing activities 0 2,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock and warrants 0 2,699,050
Net cash provided by financing activities 0 2,699,050
Net change in cash and restricted cash (1,000,720) 1,446,528
Cash and restricted cash at beginning of period 10,367,920 638,115
Cash and restricted cash at end of period 9,367,200 2,084,643
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 0 8
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Right of use assets obtained in exchange for lease liability 0 43,330
Issuance of common stock from cashless exercise of purchase warrants $ 219 $ 0