Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows for Operating Activities:    
Net Loss $ (4,064,627) $ (3,709,813)
Adjustments to reconcile net loss to net cash used by operating activities:    
Amortization of Lease Liability 10,622  
Stock and warrants issued for services rendered - related party   297,248
Stock and warrants issued for services rendered 1,367,389 898,974
Changes in assets and liabilities:    
Increase in prepaid expenses (128,661) (80,554)
Increase / (Decrease) in accounts payable (641,281) 113,296
Decrease in Lease Liability (10,851)  
Increase in deferred revenue - participation agreements 85,303 1,032,526
Increase in accrued liabilities and interest 281,738 325,507
Net Cash Used by Operating Activities (3,100,368) (1,122,816)
Cash Flows from Investing Activities:    
Net Cash by Investing Activities 0 0
Cash Flow from Financing Activities:    
Proceeds from Loan Payable, related party - net of repayments   51,000
Proceeds of Note Payable, other 190,500 121,700
Payments of Note Payable, other (127,000)  
Public offering of stock and warrants 13,804,240  
Expenses related to the public offering (1,622,639)  
Proceeds from sale of common stock warrants - participation agreements 55,696 117,474
Proceeds from exercise of common stock warrants   580,400
Proceeds from sale of common stock - related party 50,000  
Proceeds from sales of common stock 1,514,973 25,000
Net Cash Provided by Financing Activities 13,865,770 895,574
Increase/(Decrease) in Cash 10,765,402 (227,242)
Cash at Beginning of Period 137,862 346,111
Cash at End of Period 10,903,264 118,869
Cash paid during the period for:    
Interest 2,056 0
Income Taxes $ 0 $ 0