Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,009,205) $ (2,601,839)
Adjustments to reconcile net loss to cash flows used in operating activities:    
Depreciation and amortization 57,465 57,506
Amortization of discount on royalty obligation 355,662 358,882
Impairment of intellectual property 141,480 0
Amortization of right-of-use asset 77,506 64,729
Stock based compensation 166,340 257,236
Gain on forgiveness of debt (28,229) (5,000)
Changes in operating assets and liabilities:    
Accounts receivable 500 750
Grant receivable 121,879 41,332
Prepaid expenses 34,322 (251,913)
Accounts payable and accrued expenses 390,640 44,250
Deposits 0 (2,584)
Lease liability (78,321) (59,015)
Deferred revenue (54,513) (84,900)
Deferred revenue-grant (65,560) 370,023
Net cash used in operating activities (2,890,034) (1,810,543)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Software development costs (35,985) 0
Purchase of equipment (2,017) (6,400)
Net cash used in investing activities (38,002) (6,400)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common stock subscription and royalty agreement 2,250,000 0
Advances from SBA 0 5,000
Proceeds from EIDL loan 0 74,300
Proceeds from PPP loan 131,440 28,000
Proceeds from notes payable 200,000 0
Proceeds from notes payable - related party 500,000 0
Net cash provided by financing activities 3,081,440 107,300
Net increase (decrease) in cash 153,404 (1,709,643)
Cash, beginning of the period 592,053 2,645,852
Cash, end of period 745,457 936,209
Supplemental disclosures of cash flow information:    
Interest paid 0 0
Taxes paid 0 0
Non cash financing activities:    
Record right to use assets upon adoption of ASC 842 0 120,346
Record lease liability upon adoption of ASC 842 $ 0 $ 120,346