Cash Flow

v3.20.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Net Cash Provided by (Used in) Operating Activities    
Net Loss $ (7,212,568) $ (7,378,270)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock and warrants issued for services rendered - related party 297,248 13,417
Stock and warrants issued for services rendered 1,612,623 779,801
Issuance of warrants for services - directors fees, Value 1,248,616 192,614
Amortization of debt issuance costs (interest expense - related parties) 0 1,187,817
Amortization of bond discount 0 374,608
Changes in assets and liabilities:    
(Increase) in prepaid expenses (51,791) (31,858)
Increase in accounts payable 528,462 539,743
Increase in deferred revenue - participation agreements 1,384,907 0
Increase in accrued liabilities and interest 505,568 1,266,165
Net Cash Provided by (Used in) Operating Activities (1,686,936) (3,055,963)
Cash Flows from Investing Activities: 0 0
Net Cash Provided by (Used in) Financing Activities    
Proceeds from Loan Payable, related party - net of repayments 129,000 32,500
Proceeds of Loan Payable, other 121,700 0
Proceeds from sale of common stock warrants - participation agreements 540,093 0
Proceeds from exercise of common stock warrants 580,400 0
Proceeds from sales of common stock 25,000 2,650,000
Net Cash Provided by (Used in) Financing Activities 1,396,193 2,682,500
(Decrease) in Cash (290,743) (373,463)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 346,111 388,890
Cash and Cash Equivalents, at Carrying Value, Ending Balance 55,367 15,427
Supplemental Cash Flow Information    
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 0 581
Income Taxes Paid $ 0 $ 0

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