v3.21.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net Loss $ (2,011,988) $ (2,264,086)
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Common stock issued for services and stock-based compensation 60,068 6,085
Changes in operating working capital items    
Other receivable from joint venture 0 400,000
Prepaid expenses and other current assets (465,191) (297,281)
Accounts payable and accrued liabilities 321,597 135,394
Accrued legal settlement costs (4,200,000) 0
Net Cash Used in Operating Activities (6,295,514) (2,019,888)
Investing Activities    
Patents and trademarks 0 (4,423)
Net Cash Used in Investing Activities 0 (4,423)
Financing Activities    
Net proceeds from the issuance of common stock 0 399,675
Net Cash Provided by Financing Activities 0 399,675
Net Decrease in Cash and Cash Equivalents (6,295,514) (1,624,636)
Cash and Cash Equivalents, Beginning of Period 21,531,665 17,958,989
Cash and Cash Equivalents, End of Period 15,236,151 16,334,353
Cash paid during the year:    
Interest paid 0 0
Income taxes paid 0 0
Non-Cash Financing Activities:    
Accumulated preferred stock dividend 188,923 180,228
Conversion of Series A convertible preferred stock to common stock and payment of paid-in-kind dividends to Series A preferred stockholder 0 8,975
Common stock issued for services $ 69,690 $ 0

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