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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,203,376 $ 5,420,708
Contracts and grants receivable 841,368 1,018,835
Research and development incentives receivable 415,932 444,043
Income tax receivable 836,893
Prepaid expenses and other current assets 271,879 609,739
Total current assets 9,569,448 7,493,325
Security deposit 22,757 22,757
Office furniture and equipment, net 38,123 36,093
Deferred issuance costs 21,894 39,324
Intangible assets, net 12,908 19,699
Right-of-use lease assets 90,821 125,412
Research and development incentives receivable 56,850
Other assets 34,873 38,750
Total assets 9,847,674 7,775,360
Current liabilities:    
Accounts payable 2,870,672 2,735,442
Accrued expenses 3,326,356 3,157,386
Accrued compensation 43,690 298,173
Lease liabilities - current 88,180 121,075
Total current liabilities 6,328,898 6,312,076
Non-current liabilities:    
Lease liabilities, net of current 4,150 6,149
Total liabilities 6,333,048 6,318,225
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; 25,778,431 shares and 1,753,124 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 25,778 21,753
Additional paid-in capital 186,624,561 177,006,004
Accumulated other comprehensive loss (28,767) (45,010)
Accumulated deficit (183,106,946) (175,525,612)
Total shareholders' equity 3,514,626 1,457,135
Total liabilities and shareholders' equity $ 9,847,674 $ 7,775,360