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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 5,420,708 $ 8,983,717
Contracts and grants receivable 1,018,835 1,201,715
UK research and development incentives receivable 444,043
Prepaid expenses and other current assets 609,739 157,278
Total current assets 7,493,325 10,342,710
Security deposit 22,757 22,734
Office furniture and equipment, net 36,093 19,634
Deferred issuance costs 39,324 59,761
Intangible assets, net 19,699 46,863
Right-of-use lease assets 125,412
Other assets 38,750
Total assets 7,775,360 10,491,702
Current liabilities:    
Accounts payable 2,735,442 2,126,215
Accrued expenses 3,157,386 1,790,689
Accrued compensation 298,173 294,628
Lease liabilities - current 121,075
Total current liabilities 6,312,076 4,211,532
Non-current liabilities:    
Lease liabilities, net of current 6,149
Total liabilities 6,318,225 4,211,532
Commitments and contingencies
Shareholders' equity:    
Preferred stock: 350,000 shares authorized; none issued or outstanding
Common stock, $.001 par value; 50,000,000 shares authorized; 21,753,124 and 17,682,839 shares issued and outstanding at December 31, 2019 and 2018, respectively 21,753 17,683
Additional paid-in capital 177,006,004 172,436,176
Accumulated other comprehensive loss (45,010) (3,669)
Accumulated deficit (175,525,612) (166,170,020)
Total shareholders' equity 1,457,135 6,280,170
Total liabilities and shareholders' equity $ 7,775,360 $ 10,491,702