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 ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows for Operating Activities:    
Net Loss $ (5,999,067) $ (7,212,569)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock and warrants issued for services rendered - related party   297,248
Stock and warrants issued for services rendered 22,400 1,612,623
Warrants issued for Directors' Fees 0 1,248,616
Employee Option Expense 1,601,909 0
Amortization of lease liability 16,257 0
Gain on Forgiveness of Debt (121,700) 0
Changes in assets and liabilities:    
(Increase) in prepaid expenses (102,132) (51,791)
Increase (Decrease) in accounts payable (830,812) 528,462
Increase in deferred revenue - participation agreements 85,303 1,384,907
(Decrease) in lease liability (19,886) 0
Increase in accrued liabilities and interest 445,919 505,568
Net Cash (Used) by Operating Activities (4,901,809) (1,686,936)
Cash Flows from Investing Activities: 0 0
Cash Flow from Financing Activities:    
Proceeds from Loan Payable, related party - net of repayments 0 129,000
Proceeds of Loan Payable, other 190,500 121,700
Payments of Loan Payable, other (190,500) 0
Proceeds from sale of common stock warrants - participation agreements 55,696 540,093
Proceeds from exercise of common stock warrants 0 580,400
Proceeds from public sale of common stock and common stock warrants 14,552,740 0
Proceeds from exercise of public warrants 1,091,767 0
Expenses related to public offering (1,697,830) 0
Proceeds from direct sales of common stock 1,514,972 25,000
Proceeds from direct sales of common stock, related party 50,000 0
Net Cash Provided by Financing Activities 15,567,346 1,396,193
Increase/(Decrease) in Cash 10,665,536 (290,743)
Cash at Beginning of Period 137,862 346,111
Cash at End of Period 10,803,398 55,368
Cash paid during the period for:    
Interest 3,084 0
Income Taxes $ 0 $ 0