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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (2,754,248) $ (1,065,943)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 165
Stock based compensation 1,068,941 751,552
Change in fair value of the derivative liability (83,670) (37,189)
Amortization of debt discount 277,619 58,923
Modification of warrants 5,861
Changes in operating assets and liabilities    
Prepaid expenses 78,990 36,856
Accounts payable and accrued expenses 94,278 (260,322)
NET CASH USED IN OPERATING ACTIVITIES (1,318,090) (510,097)
CASH FLOWS FROM FINANCING ACTIVITIES    
Exercise of warrants for cash 327,125
Exercise of options for cash 542,500
Issuance of shares and warrants from offering, net of offering costs 11,708,039
Proceeds from notes payable 100,000
Repayment of notes payable (100,000)
Proceeds from PIK convertible notes 850,000
Proceeds from PIK convertible notes - related party 50,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 12,577,664 900,000
Effect of exchange rate on cash 2,308 (7,230)
NET INCREASE IN CASH 11,261,882 382,673
CASH, BEGINNING OF YEAR 671,091 798,623
CASH, END OF YEAR 11,932,973 1,181,296
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest expense
Cash paid for income taxes
NONCASH FINANCING AND INVESTING TRANSACTIONS    
Shares issued for conversion of notes and interest 1,054,544
Debt discount from beneficial conversion feature 104,204
Issuance of options for settlement of accounts payable $ 93,950