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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 16,458,053 $ 10,003,375
Insurance claim receivable 1,075 325,105
Prepaid expenses and other current assets 87,523 1,094,675
Total current assets 16,546,651 11,423,155
Equipment and furnishings, net 29,927 39,758
Other assets 16,836 16,836
Operating lease right-of-use assets 443,617 580,478
Total assets 17,037,031 12,060,227
Current liabilities:    
Accounts payable 1,167,945 1,402,054
Accrued expenses and other current liabilities 1,433,334 1,190,910
Current portion of operating lease liabilities 184,761 181,103
Total current liabilities 2,786,040 2,774,067
Operating lease liabilities, net of current portion 276,593 415,200
Total liabilities 3,062,633 3,189,267
Preferred Stock, Series C 10% Convertible, $1,000 par value, 8,240 shares issued and outstanding 4,022,700
Stockholders’ equity:    
Preferred Stock, $0.01 par value, 833,333 shares authorized, including 50,000 shares of Series B Junior Participating Preferred Stock; no shares issued and outstanding
Common stock, $0.001 par value, 41,666,666 shares authorized; 38,780,038 shares issued and outstanding at September 30, 2021 and 36,480,038 shares issued and outstanding at December 31, 2020 38,780 36,480
Additional paid-in capital 484,790,650 479,561,860
Accumulated deficit (474,877,732) (470,727,380)
Total stockholders’ equity 9,951,698 8,870,960
Total liabilities and stockholders’ equity $ 17,037,031 $ 12,060,227