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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (3,761,896) $ 1,130,898
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation 731 731
Stock-based compensation expense 92,851 344,577
Change in fair value of derivative liabilities (9,550) (5,151,124)
Fair value of derivative liabilities in excess of proceeds   322,644
Amortization of debt discount 264,391 244,751
Changes in assets and liabilities:    
Prepaid expenses 38,445 (169,079)
Other current assets 2,907  
Accounts payable 966,474 57,862
Accounts payable to related party 67,290  
Accrued interest related party 37,726  
Other current liabilities 6,478 182,494
Net cash used in operating activities (2,294,153) (3,036,246)
Cash flows from financing activities:    
Proceeds from PPP loan 116,700  
Proceeds from multi-draw credit agreement - related party, net of $0 and $9,301 issuance costs for the June 30, 2020 and June 30, 2019 periods, respectively 450,000 3,990,699
Net cash provided by financing activities 566,700 3,990,699
Net (decrease) increase in cash and restricted cash (1,727,453) 954,453
Cash and restricted cash, beginning of period 1,834,515 1,857,885
Cash and restricted cash, end of period 107,062 2,812,338
Reconciliation of cash and restricted cash:    
Cash 102,524 2,807,826
Restricted cash 4,538 4,512
Total cash and restricted cash shown in the consolidated statements of cash flows 107,062 2,812,338
Cash paid during the period for:    
Interest   165,277
Income taxes 1,600 1,600
Supplemental disclosures of non-cash financing activities:    
Reclassification of warrant liabilities to equity from exercise of warrants $ 26,563 144,375
Proceeds allocated to equity classified warrants issued with convertible multi-draw credit agreement   716,110
Fair value of compound derivative liability bifurcated from convertible multi-draw credit agreement   193,414
Beneficial conversion feature on convertible multi-draw credit agreement   $ 1,584,850

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