v3.20.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Acitivites    
Net loss $ (1,968,131) $ (211,501)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation 242,209 44,016
Amortization of debt discount 0 8,917
Depreciation 1,917 0
Changes in operating assets and liabilities    
Prepaid expenses (156,124) 13,000
Accounts payable (102,419) 58,965
Accounts payable and accrued expenses - related party 4,167 (794)
Accrued expenses 123,293 4,709
Net cash used in operating activities (1,855,088) (82,688)
Cash Flows from Investing Activities:    
Purchase of furniture and equipment (6,410) 0
Net cash used in investing activities (6,410) 0
Cash Flows from Financing Activities:    
Payments of deferred issuance cost 0 (13,025)
Payments on loan payable 0 (35,000)
Net cash provided by financing activities 0 (48,025)
Net change in cash, cash equivalents and restricted cash (1,861,498) (130,713)
Cash, cash equivalents and restricted cash, at beginning of period 7,241,288 555,133
Cash, cash equivalents and restricted cash, at end of period 5,379,790 424,420
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes $ 0 $ 0

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