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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss before non-controlling interest $ (10,167,247) $ (6,111,133)
Adjustments to reconcile net loss to net cash (used) by operating activities:    
Investment in unconsolidated entity 0 (441,024)
Director fees paid with equity instruments 0 26,396
Depreciation and amortization 4,937 110,283
Financed lender fee amortization 21,277  
Note payable interest accretion (81,709) 644,027
Right of use amortization 64,860  
Share-based compensation 210,324 46,000
Change in hybrid-instrument fair value 425,215  
Deferred income 0 (825,000)
(Increase) decrease in:    
Accounts receivable (369,386) 203,069
Other assets 267,025 705,765
Increase (decrease) in:    
Accounts payable 2,789,237 1,310,827
Accrued expenses and other 4,240,126 2,139,293
NET CASH (USED) BY OPERATING ACTIVITIES (2,595,341) (2,191,497)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment 0 (15,492)
NET CASH (USED) PROVIDED BY INVESTING ACTIVITIES 0 (15,492)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable 2,886,154  
Operating lease liability reduction (58,988)  
Payment of contractual obligation (221,503) (207,357)
NET CASH (USED) PROVIDED BY FINANCING ACTIVITIES 2,605,663 (207,357)
NET INCREASE (DECREASE) IN CASH 10,322 (2,414,346)
CASH AT BEGINNING OF PERIOD 213,389 2,786,832
CASH AT END OF PERIOD 223,711 372,486
SUPPLEMENTARY INFORMATION:    
Interest paid 739,913 $ 728,798
Income taxes paid  
NON-CASH TRANSACTIONS:    
2019 Director fees paid with equity $ 278,602