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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Contract revenue $ 845,185 $ 639,558
Grant revenue 79,367 505,230
Total revenues 924,552 1,144,788
Cost of revenues (829,506) (927,924)
Gross profit 95,046 216,864
Operating expenses:    
Research and development 2,700,171 1,642,718
General and administrative 868,667 874,209
Research and development expense - milestone 5,000,000
Total operating expenses 8,568,838 2,516,927
Loss from operations (8,473,792) (2,300,063)
Foreign currency transaction (loss)/gain (23,232) 5,007
Interest income 21,947 44,753
Research and development incentives 56,850
Net loss before income taxes (8,418,227) (2,250,303)
Income tax benefit 836,893 610,676
Net loss $ (7,581,334) $ (1,639,627)
Basic and diluted net loss per share $ (0.32) $ (0.09)
Basic and diluted weighted average common shares outstanding 23,404,920 18,078,951