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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 38,524,536 $ 62,614,010
Prepaid research and development contracts 311,154 754,392
Other current assets 734,785 615,681
Total current assets 39,570,475 63,984,083
Furniture and equipment, net 164,187 98,449
Operating lease right-of-use assets, net 162,124  
Deposits 40,000 40,960
Total assets 39,936,786 64,123,492
Current liabilities:    
Accounts payable and accrued expenses 3,231,450 5,456,917
Current portion of operating lease liability 102,555  
Total current liabilities 3,334,005 5,456,917
Operating lease liability, net of current portion 67,438  
Total liabilities 3,401,443 5,456,917
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.0001 par value per share; 300,000,000 shares authorized and 40,588,004 shares issued and outstanding at December 31, 2019 and 2018. 4,059 4,059
Additional paid-in capital 178,766,806 177,621,807
Accumulated deficit (142,235,522) (118,959,291)
Total stockholders’ equity 36,535,343 58,666,575
Total liabilities and stockholders’ equity $ 39,936,786 $ 64,123,492