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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 ACTIVITES    
Net loss $ (6,027,826) $ (10,924,353)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation 49,473 67,682
Amortization of debt discount and deferred financing costs 295,159 134,993
Amortization of intangible assets 6,464 429
Non-cash lease expense 134,768 110,161
Impairment of operating lease 259,926
Impairment of deferred offering and financing costs 270,632
Stock-based compensation 1,906,679 72,035
Changes in operating assets and liabilities:    
Restricted cash 19,332
Accounts receivable (312,769) (9,070)
Inventory (102,821) (59,224)
Other current assets (145,608) (383,874)
Accounts payable 1,041,105 603,891
Operating lease liability (234,400) (152,510)
Accrued expenses and other current liabilities 604,579 1,498,146
Net cash flows used in operating activities (2,765,865) (8,511,136)
CASH FLOWS FROM INVESTING ACTIVITIES    
Patent costs (24,499) (43,474)
Purchase of equipment (6,898) (69,268)
Proceeds from sub-lease deposit 19,332
Security deposit 2,775 (8,475)
Purchase of licenses (200,000)
Net cash flows used in investing activities (9,290) (321,217)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from secured promissory note 8,350,000
Proceeds from paycheck protection program loan 666,091
Payment of deferred offering costs (67,350)
Net cash flows provided by financing activities 666,091 8,282,650
Decrease in cash and cash equivalents (2,109,064) (549,703)
Effect of foreign currency translation of cash 10,742
Cash and cash equivalent, beginning of period 2,153,028 1,129,863
Cash and cash equivalents, end of period 43,964 590,902
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 4,928 690,675
Cash paid for income taxes
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES:    
Forgiveness of accrued officers’ salary 150,002
Interest converted to debt $ 196,570

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