General form of registration statement for all companies including face-amount certificate companies

Condensed Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:        
Net loss $ (4,138,649) $ (2,744,122) $ (6,074,999) $ (3,878,210)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 32,976 25,512 57,978 30,727
Stock-based compensation 612,964 333,301 735,429 396,850
Amortization of debt discount 59 98 196 196
Changes in operating assets and liabilities:        
Restricted cash     4,055
Prepaid expenses and other current assets (62,690) (49,278) (22,599) (68,706)
Accounts payable 653,716 43,131 (106,436) (80,343)
Accrued liabilities (50,927) (29,002) (22,933) (149,688)
Accrued payroll and other compensation (286,309) 12,936 230,391 113,956
Net cash used in operating activities (3,238,860) (2,407,424) (5,202,973) (3,631,163)
Cash flows from investing activities:        
Purchases of property and equipment (1,428) (35,913) (88,915) (225,671)
Payment for security deposit (1,475) (6,601) (16,318) (19,392)
Purchases of investments (8,677,884) (6,583,937) (14,093,162) (12,731,800)
Proceeds from redemptions of investments 11,009,000 8,649,000 14,152,000 7,244,000
Net cash provided by investing activities 2,328,213 2,022,549 (46,395) (5,732,863)
Cash flows from financing activities:        
Deferred offering costs (35,154) (35,811)
Proceeds from exercise of warrants 2,404,993 712,246 2,969,454
Repayment of note payable (102,630)    
Proceeds from exercise of compensation options 496,376 731,085 55,548
Proceeds from exercise of employee stock options 19,825 2,600 2,600
Proceeds from initial public offering, net     10,253,484
Proceeds from the conversion of private placement puts     2,700,000
Net cash provided by financing activities 2,287,034 1,211,222 3,703,139 12,973,221
Net increase in cash 1,376,387 826,347 (1,546,229) 3,609,195
Cash at beginning of year 3,257,458 4,803,687 4,803,687 1,194,492
Cash at end of year 4,633,845 5,630,034 3,257,458 4,803,687
Non-cash investing and financing activities:        
Reclassification of deferred offering costs to equity     785,197
Conversion of Series B Preferred Stock to Common Stock     5,400
Subscription receivable from exercise of warrants     522,326  
Supplemental disclosure of cash flow information:        
Income taxes paid 2,057 1,300    
Interest paid $ 14,363