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Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 9,144,710 $ 8,068,939
Accounts receivable, net 295,193 23,311
Prepaid expenses 923,746 921,762
Inventory, net 185,534 236,480
Other current assets 11,551 30,300
Total current assets 10,560,734 9,280,792
Operating lease right-of-use asset 12,428 141,705
Other assets 11,551
Total assets 10,573,162 9,434,048
Current Liabilities:    
Accounts payable and accrued expenses 874,028 1,273,572
Accrued compensation 519,317 1,016,232
Operating lease liability 12,428 141,705
Paycheck protection program loan 104,168
Milestone payable 5,000,000
Total current liabilities 1,405,773 7,535,677
Long-term Liabilities:    
Note payable 5,000,000 5,000,000
Accrued interest payable 612,295 112,994
Total long-term liabilities 5,612,295 5,112,994
Total liabilities 7,018,068 12,648,671
Commitments and contingencies (Note 3)
Stockholders' equity (deficit):    
Preferred stock, $0.0001 par value; authorized shares — 5,000,000 at December 31, 2021 and 2020; issued and outstanding shares — 0 at December 31, 2021 and 2020
Common stock, $0.0001 par value; authorized shares — 50,000,000 at December 31, 2021 and 2020; issued and outstanding shares — 32,656,480 and 26,621,954 at December 31, 2021 and 2020, respectively 3,266 2,662
Additional paid-in capital 110,974,841 95,667,776
Accumulated deficit (107,423,013) (98,885,061)
Total stockholders' equity (deficit) 3,555,094 (3,214,623)
Total liabilities and stockholders' equity (deficit) $ 10,573,162 $ 9,434,048