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Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 28,979,969 $ 18,676,663
Contracts and grants receivable 117,680 203,774
Research and development incentives receivable 106,598 361,096
Prepaid expenses and other current assets 148,594 225,473
Total current assets 29,352,841 19,467,006
Security deposit 22,777 22,777
Office furniture and equipment, net of accumulated depreciation of $161,037 and $154,769 17,242 23,510
Deferred issuance cost 5,796 53,523
Right-of-use lease assets 167,608 228,027
Research and development incentive receivable 28,525 73,142
Other assets 15,500 23,250
Total assets 29,610,289 19,891,235
Current liabilities:    
Accounts payable 1,482,359 2,129,844
Accrued expenses 2,461,630 2,638,308
Accrued compensation 67,053 875,096
Paycheck Protection Program loan   324,979
Lease liabilities - current 113,664 112,294
Total current liabilities 4,124,706 6,080,521
Non-current liabilities:    
Convertible debt, net of debt discount of $164,787 and $140,261 9,835,213 9,859,739
Paycheck Protection Program loan, net of current   92,851
Lease liabilities, net of current 54,180 116,296
Total liabilities 14,014,099 16,149,407
Commitments and contingencies
Shareholders' equity:    
Preferred stock, 350,000 shares authorized, none issued or outstanding
Common stock, $.001 par value; 75,000,000 shares authorized; 40,078,760 shares and 30,643,656 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 40,079 30,644
Additional paid-in capital 213,061,849 196,949,655
Accumulated other comprehensive loss (32,058) (24,337)
Accumulated deficit (197,473,680) (193,214,134)
Total shareholders' equity 15,596,190 3,741,828
Total liabilities and shareholders' equity $ 29,610,289 $ 19,891,235