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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss before non-controlling interest $ (17,744,378) $ (11,956,978)
Adjustments to reconcile net loss to net cash (used) by operating activities:    
Director fees paid with equity instruments   701,399
Depreciation and amortization 7,231 113,422
Financed lender fee amortization 34,043  
Note payable interest accretion (99,910) 922,000
Right of use amortization 98,413 20,213
Share-based compensation 315,486 50,600
Investment in unconsolidated entity (654,152) (662,007)
Loss on debt extinguishment 777,484 290,024
Debt modification inducement 868,878 868,878
Change in hybrid-instrument fair value 675,534  
Terminated revenue participation   (825,000)
(Increase) decrease in:    
Accounts receivable 374,882 485,017
Other assets 351,988 637,793
Increase (decrease) in:    
Accounts payable 5,608,462 2,087,204
Accrued expenses and other 4,734,187 3,615,904
NET CASH (USED) BY OPERATING ACTIVITIES (5,520,730) (3,651,531)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment   (15,492)
NET CASH (USED) PROVIDED BY INVESTING ACTIVITIES   (15,492)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable 3,493,528 1,409,980
Operating lease liability reduction (90,312) (18,755)
Offering costs paid on sale of common stock (78,326)  
Common stock sale net proceeds 11,315,000  
Payment of contractual obligation (224,813) (207,357)
NET CASH (USED) PROVIDED BY FINANCING ACTIVITIES 14,415,077 1,183,868
NET INCREASE (DECREASE) IN CASH 8,894,347 (2,483,155)
CASH AT BEGINNING OF PERIOD 213,389 2,786,832
CASH AT END OF PERIOD 9,107,736 303,677
SUPPLEMENTARY INFORMATION:    
Interest paid 1,114,376 1,114,021
Income taxes paid 0 0
NON-CASH TRANSACTIONS:    
2019 Director fees paid with equity 278,602 0
Establish right of use asset with debt obligation per ASC 842   $ 560,612
Convertible debt exchanged for equity $ 1,066,219