Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net loss $ (9,244,497) $ (6,813,671)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 317,981 225,740
Loss (gain) on disposal of property and equipment (41) 1,929
Stock options issued for services 1,388,295 1,220,798
Warrants issued for services 4,326 28,482
Changes in operating assets and liabilities:    
Prepaid expenses (174,504) (131,526)
Other current assets (188,285) 31,560
Accounts payable and accrued liabilities 1,406,197 (46,685)
Net Cash Used In Operating Activities (6,490,528) (5,483,373)
Investing Activities    
Purchases of property and equipment (125,513) (1,234,892)
Net Cash Used in Investing Activities (125,513) (1,234,892)
Financing Activities    
Net proceeds from issuance of common shares 7,796,001 879,412
Proceeds from debt payable 875,652 664,573
Payments on debt payable (332,856)
Payments on grants repayable (40,863) (38,487)
Payments on capital lease obligations (72,524) (60,874)
Net Cash Provided By Financing Activities 8,225,410 1,444,624
Effect of foreign exchange on cash 168,534 100,117
Net change in cash and cash equivalents 1,777,903 (5,173,524)
Cash and cash equivalents - Beginning of Period 10,116,263 21,678,734
Cash and cash equivalents - End of Period 11,894,166 16,505,210
Supplemental Disclosures of Cash Flow Information    
Interest paid 49,737 32,639
Income tax paid
Non-Cash Investing and Financing Activities:    
Common stock issued on cashless exercises of stock options and warrants 12
Offering costs from issuance of common stock $ 604,000