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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 6,769,603 $ 10,003,375
Insurance claim receivable 200,000 325,105
Prepaid expenses and other current assets 1,310,382 1,094,675
Total current assets 8,279,985 11,423,155
Equipment and furnishings, net 32,784 39,758
Other assets 16,836 16,836
Operating lease right-of-use assets 397,172 580,478
Total assets 8,726,777 12,060,227
Current liabilities:    
Accounts payable 1,470,652 1,402,054
Accrued expenses and other current liabilities 2,064,506 1,190,910
Current portion of operating lease obligations 198,819 181,103
Total current liabilities 3,733,977 2,774,067
Operating lease liabilities, net of current portion 216,381 415,200
Total liabilities 3,950,358 3,189,267
Preferred Stock, Series C 10% Convertible, $1,000 par value, 8,240 shares issued and outstanding 4,022,700
Commitments and contingencies  
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 at December 31, 2021 and 2020, respectively
Common stock, $0.001 par value, 62,393,940 shares authorized; 38,780,038 and 36,480,038 shares issued and outstanding at December 31, 2021 and 2020, respectively 38,780 36,480
Additional paid-in capital 484,790,650 479,561,860
Accumulated deficit (484,075,711) (470,727,380)
Total stockholders’ equity 753,719 8,870,960
Total liabilities and stockholders’ equity $ 8,726,777 $ 12,060,227