Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net loss $ (17,296,619) $ (17,334,216)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 983,613 1,411,703
Depreciation & amortization expenses 315,728 38,064
Decrease in:    
Prepaid expenses and other current assets 426,352 128,140
Decrease in:    
Accounts payable and accrued expenses (680,570) (527,864)
Operating lease liabilities (199,514)
Net Cash Used In Operating Activities (16,451,010) (16,284,173)
Cash Flows Used In Investing Activities:    
Purchase of property and equipment (59,488) (85,522)
Net Cash Used In Investing Activities (59,488) (85,522)
Cash Flows From Financing Activities:    
Payments on note payable (223,908)
Payments on finance leases (53,976)
Sales of shares of common stock and warrants, net of offering costs 15,932,251 13,810,737
Proceeds from exercise of warrants 1,503,762 4,849
Net Cash Provided By Financing Activities 17,158,129 13,815,586
Net change in cash, cash equivalents, and restricted cash 647,631 (2,554,109)
Cash, cash equivalents, and restricted cash at beginning of period 14,104,514 17,790,576
Cash, cash equivalents, and restricted cash at end of period 14,752,145 15,236,467
Supplemental disclosure of cash flow information:    
Cash paid for interest on note payable 4,893
Supplemental disclosure of non-cash flow information:    
Deemed dividend for warrant down-round protection provision $ 1,269