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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating expenses    
Research and development $ 6,608,392 $ 6,645,417
General and administrative 7,999,000 10,620,008
Total operating expenses 14,607,392 17,265,425
Operating loss (14,607,392) (17,265,425)
Change in fair value of common stock warrants (2,332,567)
Warrant financing expense (938,794)
Other income 50,801 25,648
Loss before income taxes (17,827,952) (17,239,777)
Income taxes 0 0
Net loss (17,827,952) (17,239,777)
Deemed dividend attributable to preferred stock (4,502,799)
Net loss applicable to common shareholders $ (22,330,751) $ (17,239,777)
Loss per common share - basic and diluted (in dollars per share) $ (1.97) $ (2.03)
Weighted average shares outstanding - basic and diluted (in shares) 11,308,532 8,496,964