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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Contract revenue $ 292,461 $ 1,060,877 $ 1,137,647 $ 1,700,435
Grant revenue 212,827 484,087 292,195 989,317
Total revenues 505,288 1,544,964 1,429,842 2,689,752
Cost of revenues (363,339) (1,086,814) (1,192,844) (2,014,738)
Gross profit 141,949 458,150 236,998 675,014
Operating expenses:        
Research and development 2,170,045 1,853,950 4,870,216 3,496,668
General and administrative 785,776 769,091 1,654,443 1,643,300
Research and development expense - milestone     5,000,000  
Total operating expenses 2,955,821 2,623,041 11,524,659 5,139,968
Loss from operations (2,813,872) (2,164,891) (11,287,661) (4,464,954)
Foreign currency transaction gain/(loss) (3,583) 1,519 (26,818) 6,526
Interest income, net 2,017 39,851 23,964 84,604
Research and development incentives 38,675   95,525  
Net loss before income taxes (2,776,763) (2,123,521) (11,194,990) (4,373,824)
Income tax benefit     836,893 610,676
Net loss applicable to common stockholders $ (2,776,763) $ (2,123,521) $ (10,358,097) $ (3,763,148)
Basic & diluted net loss per share (in Dollars per share) $ (0.10) $ (0.12) $ (0.41) $ (0.21)
Basic & diluted weighted average common shares outstanding (in Shares) 26,901,781 18,436,894 25,153,350 18,258,932