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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Contract revenue $ 3,215,639 $ 3,965,496
Grant revenue 1,414,277 1,275,952
Total revenues 4,629,916 5,241,448
Cost of revenues (3,567,415) (4,597,715)
Gross profit 1,062,501 643,733
Operating expenses:    
Research and development 8,122,610 6,750,954
General and administrative 3,480,912 2,951,760
Total operating expenses 11,603,522 9,702,714
Loss from operations (10,541,021) (9,058,981)
Other income:    
Foreign currency transaction (loss)/gain (7,809) 437
Interest income 148,968 158,569
UK research and development incentives 433,594
Net loss before income taxes (9,966,268) (8,899,975)
Income tax benefit 610,676
Net loss $ (9,355,592) $ (8,899,975)
Basic and diluted net loss per share $ (0.48) $ (0.68)
Basic and diluted weighted average common shares outstanding 19,376,508 13,178,154