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 ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,803,499) $ (9,693,441)
Adjustments to reconcile net loss to net cash used in operating activities:    
Asset impairment charges (0) 9,243,128
Deferred income taxes 0 (2,918,518)
Depreciation 0 757
Amortization of right of use asset 26,199 20,042
Gain on settlement with vendor 0 (143,639)
Share-based expense 297,337 388,131
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 43,071 273,052
Accounts payable, accrued expenses and other liabilities 157,524 (483,045)
Net cash used in operating activities (3,279,368) (3,313,533)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock and warrants 11,450,866 0
Proceeds from exercise of warrants 3,679 0
Net cash provided by financing activities 11,454,545 0
Net change in cash 8,175,177 (3,313,533)
Cash at beginning of period 11,527,552 10,367,920
Cash at end of period 19,702,729 7,054,387
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 0 0
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock to vendor 7 1
Issuance of common stock from cashless exercise of purchase warrants $ 4 $ 229