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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 28,867,487 $ 18,676,663
Contracts and grants receivable 44,184 203,774
Research and development incentives receivable 103,773 361,096
Prepaid expenses and other current assets 429,094 225,473
Total current assets 29,444,538 19,467,006
Security deposit 22,777 22,777
Office furniture and equipment, net of accumulated depreciation of $164,176 and $154,769 14,103 23,510
Deferred issuance cost 20,651 53,523
Right-of-use lease assets 136,321 228,027
Research and development incentive receivable 67,782 73,142
Other assets 11,626 23,250
Total assets 29,717,798 19,891,235
Current liabilities:    
Accounts payable 1,905,779 2,129,844
Accrued expenses 2,716,745 2,638,308
Accrued compensation 58,729 875,096
Paycheck Protection Program loan   324,979
Lease liabilities - current 114,377 112,294
Total current liabilities 4,795,630 6,080,521
Non-current liabilities:    
Convertible debt, net of debt discount of $154,317 and $140,261 9,845,683 9,859,739
Paycheck Protection Program loan, net of current   92,851
Lease liabilities, net of current 21,942 116,296
Total liabilities 14,663,255 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; 42,630,436 shares and 30,643,656 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 42,630 30,644
Additional paid-in capital 216,023,586 196,949,655
Accumulated other comprehensive income (loss) 49,558 (24,337)
Accumulated deficit (201,061,231) (193,214,134)
Total shareholders' equity 15,054,543 3,741,828
Total liabilities and shareholders' equity $ 29,717,798 $ 19,891,235