v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,869,548) $ (2,637,034)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation 7,935 2,903
Equity based compensation 2,670,015 388,710
Changes in operating assets and liabilities:    
Prepaid expenses 21,865 (2,173)
Payment of long term deposit 0 (5,393)
Accounts payable (354,272) (134,714)
Change in derivative liabilities 1,404 0
Deferred rent payable 0 427
Net cash used in operating activities (3,522,601) (2,387,274)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments of patent costs (58,327) 0
Payment of trademark costs (275) 0
Purchase of property and equipment (14,422) (3,644)
Net cash used in investing activity (73,024) (3,644)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock 8,619,278 270,000
Proceeds from sale of Series E preferred stock 0 1,492,969
Proceeds from exercise of warrants 1,459,780 0
Proceeds from common stock subscription 0 115,470
Net cash provided by financing activities 10,079,058 1,878,439
Net increase in cash and cash equivalents 6,483,433 (512,479)
Cash and cash equivalents, beginning of the period 4,450,160 1,547,579
Cash and cash equivalents, end of the period 10,933,593 1,035,100
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 0 0
Cash paid during the period for income taxes 0 0
Non cash investing and financing activities:    
Reclassify derivative liability to equity   3,044,162
Dividends payable on preferred stock charged to additional paid in capital 10,541 305,046
Right-to-use assets and lease liability recorded upon adoption of ASC 842 418,838 0
Series C Preferred Stock [Member]    
Non cash investing and financing activities:    
Common stock issued upon conversion preferred stock and accrued dividends 0 28,276
Embedded Derivative Financial Instruments, Upon Issuance of Series D Preferred Stock [Member]    
Non cash investing and financing activities:    
Reclassify derivative liability to equity 0 262,035
Upon Adoption of ASU 2017-11 [Member]    
Non cash investing and financing activities:    
Reclassify derivative liability to equity $ 0 $ 3,044,162

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