XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating expenses:        
Research and development $ 2,105,815 $ 3,137,553 $ 6,994,866 $ 6,845,203
Intangible asset impairment charge 8,639,000 0 8,639,000 0
General and administrative 1,930,082 2,112,375 5,510,365 4,964,440
Depreciation 19,100 24,192 67,302 78,233
Loss from operations 12,693,997 5,274,120 21,211,533 11,887,876
Other income:        
Interest income (50,710) (29,233) (146,354) (89,246)
Loss from operations before income tax benefit (12,643,287) (5,244,887) (21,065,179) (11,798,630)
Income tax benefit 443,893 805,676 443,893 1,675,381
Net loss (12,199,394) (4,439,211) (20,621,286) (10,123,249)
Deemed dividend arising from warrant exchange 0 0 0 (1,950,378)
Net loss attributable to common stockholders $ (12,199,394) $ (4,439,211) $ (20,621,286) $ (12,073,627)
Per share information:        
Net loss per share of common stock, basic and diluted (in dollars per share) $ (0.12) $ (0.07) $ (0.22) $ (0.24)
Weighted average shares outstanding, basic and diluted (in dollars per share) $ 101,903,979 $ 64,011,342 $ 98,810,420 $ 50,216,239