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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 52,858,311 $ 16,425,830
Cash equivalent - reverse repurchase agreements 25,000,000 28,000,000
Marketable securities   28,938,545
Prepaid expenses and other current assets 5,200,957 1,804,450
Total current assets 83,059,268 75,168,825
Fixed assets, net 59,925 148,449
Right-of-use assets 233,310 201,007
Total assets 83,352,503 75,518,281
Current liabilities:    
Accounts payable 381,638 808,302
Accrued expenses 8,134,765 11,873,122
Current portion of credit facility 3,659,776  
Current portion of operating lease liabilities 233,310 226,328
Total current liabilities 12,409,489 12,907,752
Long-term debt, net of current portion 11,434,456 14,528,212
Total liabilities 23,843,945 27,435,964
Commitments and contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $0.001 par value, 15,000,000 shares authorized, none issued and outstanding
Common stock, voting, $0.001 par value; 150,000,000 authorized and 38,667,491 and 28,656,832 shares issued and outstanding, respectively 38,667 28,657
Additional paid-in capital 296,385,619 247,409,793
Accumulated other comprehensive income   5,866
Accumulated deficit (236,915,728) (199,361,999)
Total stockholders’ equity 59,508,558 48,082,317
Total liabilities and stockholders’ equity $ 83,352,503 $ 75,518,281