General form of registration statement for all companies including face-amount certificate companies

Statement of Cash Flows

v3.19.2
Statement of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:                    
Net loss $ (905,700) $ (1,376,235) $ (890,461) $ (640,184) $ (820,939) $ (876,347) $ (2,281,935) $ (1,697,287) $ (3,227,932) $ (16,554,872)
Adjustments to reconcile net loss to net cash used in operating activities:                    
Stock-based compensation (non-cash) 257,633 233,776 232,992 93,244 88,570 114,526 491,409 203,096 529,332 305,205
In process research and development (non-cash)                 0 13,501,622
Changes in operating assets and liabilities, net                    
Prepaid expenses and other current assets             (13,902) (78,795) (273,371) (126,780)
Accounts payable, accrued expenses and other current liabilities             68,721 11,274 87,684 247,357
Net cash used in operating activities             (1,735,707) (1,561,712) (2,886,757) (2,627,468)
Cash flows from financing activities:                    
Cash received from Gem, net of $169,257 of transaction costs             0 0 0 4,830,743
Proceeds from the sale of common stock, net of $32,400 of issuance costs             0 0 0 4,705,646
Deferred offering costs             (26,177) 0 0  
Net cash provided by financing activities             (26,177) 0 0 9,536,389
Effect of exchange rates on cash, cash equivalents, and restricted cash             (1,060) (1,572) (2,396) 0
Net increase in cash, cash equivalents and restricted cash             (1,762,944) (1,563,284) (2,889,153) 6,908,921
Cash, cash equivalents and restricted cash at beginning of period   $ 6,892,772   $ 8,218,641   $ 9,781,925 6,892,772 9,781,925 9,781,925 2,873,004
Cash, cash equivalents and restricted cash at end of period $ 5,129,828   $ 6,892,772   $ 8,218,641   $ 5,129,828 $ 8,218,641 6,892,772 9,781,925
Supplemental disclosure of non-cash items for cash flow information:                    
Value of shares issued in Gem transaction                 $ 0 $ 18,332,365