Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities:    
Net loss $ (10,697,293) $ (11,186,127)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 593,069 1,005,764
Depreciation & amortization expenses 209,123 24,780
(Increase) Decrease in:    
Prepaid expenses and other current assets 280,059 (130,712)
Increase (Decrease) in:    
Accounts payable and accrued expenses (1,110,698) 616,131
Operating lease liabilities (126,752)
Net Cash Used In Operating Activities (10,852,492) (9,670,164)
Cash Flows Use In Investing Activities:    
Purchase of property and equipment (59,488) (26,811)
Net Cash Used In Investing Activities (59,488) (26,811)
Cash Flows From Financing Activities:    
Payments on notes payable (148,462)
Payments on finance leases (35,624)
Sales of shares of common stock and warrants, net of offering costs 15,488,137 13,810,737
Proceeds from exercise of warrants 1,503,762 900
Net Cash Provided By Financing Activities 16,807,813 13,811,637
Net change in cash, cash equivalents, and restricted cash 5,895,833 4,114,662
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 20,000,347 21,905,238
Supplemental disclosure of cash flow information:    
Cash paid for interest on notes payable 4,071
Cash paid for taxes
Supplemental disclosure of non-cash flow information:    
Deemed dividend for warrant down-round protection provision $ 1,269