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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,874,157) $ (1,122,198)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 344,716 194,428
Depreciation and amortization 24,986 6,714
Amortization of lease right-of-use asset (19,593) 0
Change in lease liability 121,204  
Other (575) 0
Increase/Decrease in current assets:    
Other assets and prepaid expenses 13,478 6,090
Decrease in current liabilities:    
Accounts payable and accrued expenses (117,607) 74,545
Net cash used in operating activities (1,507,548) (840,421)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (12,934) (6,719)
Net cash used in investing activities (12,934) (6,719)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from private placement of stock 1,170,808 0
Proceeds from issuance of note payable 368,780 0
Net cash provided by financing activities 1,539,588 0
Net increase (decrease) in cash and cash equivalents 19,106 (847,140)
Cash and cash equivalents, at the beginning of the period 3,122,134 6,553,768
Cash and cash equivalents, at the end of the period $ 3,141,240 $ 5,706,628