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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 29,970,617 $ 564,124
Restricted cash 50,000
Deferred offering costs 121,712
Prepaid expenses and other current assets 2,828,556 78,057
Total current assets 32,849,173 763,893
Non-current assets:    
Property and equipment, net 655,495 458,591
Right-of-use asset 384,081
Goodwill 29,367,213
Total assets 63,255,962 1,222,484
Current liabilities:    
Accounts payable 915,206 715,653
Accrued expenses 1,575,068 2,634,790
Short-term debt 926,983
Right-of-use liability, current 29,287
Total current liabilities 3,446,544 3,350,443
Non-current liabilities:    
Right-of-use liability, long-term 378,885
Total liabilities 3,825,429 3,350,443
Stockholders’ Equity (Deficit)    
Preferred Stock, $0.001 par value, authorized 10,000,000 shares: Series 1 Convertible Preferred Stock, 3,880 and 0 shares authorized at June 30, 2020 and December 31, 2019, respectively, 3,879 and 0 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively. 4
Common Stock, $0.001 par value, authorized 100,000,000 shares: Common Stock, 5,843,203 and 2,627,533 common shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively. Common Stock, 5,843,203 and 2,627,533 common shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively. 5,843 2,628
Additional Paid in Capital 89,406,633 10,651,073
Accumulated Deficit (29,981,947) (12,781,660)
Total Stockholders' Equity (Deficit) 59,430,533 (2,127,959)
Total Liabilities and Stockholders’ Equity (Deficit) $ 63,255,962 $ 1,222,484