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, 2020
Jun. 30, 2019
Net Cash Provided by (Used in) Operating Activities    
Net Loss $ (3,709,813) $ (5,597,142)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock and warrants issued for services rendered - related party 297,248 9,567
Stock and warrants issued for services rendered 898,974 548,768
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 (80,554) (46,080)
Increase in accounts payable 113,296 743,566
Increase in deferred revenue - participation agreements 1,032,526 0
Increase in accrued liabilities and interest 325,507 1,049,040
Net Cash Provided by (Used in) Operating Activities (1,122,816) (1,729,856)
Cash Flows from Investing Activities: 0 0
Net Cash Provided by (Used in) Financing Activities    
Proceeds from Loan Payable, related party - net of repayments 51,000 32,500
Proceeds of Loan Payable, other 121,700 0
Proceeds from sale of common stock warrants - participation agreements 117,474  
Proceeds from exercise of common stock warrants 580,400 0
Proceeds from sales of common stock 25,000 1,352,000
Net Cash Provided by (Used in) Financing Activities 895,574 1,384,500
(Decrease) in Cash (227,242) (345,356)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance 346,111 388,890
Cash and Cash Equivalents, at Carrying Value, Ending Balance 118,869 43,534
Supplemental Cash Flow Information    
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 0 0
Income Taxes Paid $ 0 $ 0