XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Contract revenue   $ 507,171 $ 33,351 $ 1,644,818
Revenues $ 186,198 608,811 548,615 2,038,653
Cost of revenues (166,265) (386,641) (492,942) (1,579,485)
Gross profit 19,933 222,170 55,673 459,168
Operating expenses:        
Research and development 2,481,296 1,266,527 5,953,568 6,136,743
General and administrative 914,019 768,420 2,720,739 2,422,863
Research and development expense - milestone       5,000,000
Total operating expenses 3,395,315 2,034,947 8,674,307 13,559,606
Loss from operations (3,375,382) (1,812,777) (8,618,634) (13,100,438)
Gain on forgiveness of PPP loan     421,584  
Foreign currency transaction loss (66,967) (7,647) (22,384) (34,465)
Interest (expense) income (216,800) 486 (645,055) 24,450
Research and development incentives 40,844 29,778 121,896 125,303
Other Income 30,754   30,754  
Net loss before income taxes (3,587,551) (1,790,160) (8,711,839) (12,985,150)
Income tax benefit     864,742 836,893
Net loss applicable to common stockholders $ (3,587,551) $ (1,790,160) $ (7,847,097) $ (12,148,257)
Basic and diluted net loss per share (in Dollars per share) $ (0.09) $ (0.06) $ (0.20) $ (0.45)
Basic and diluted weighted average common shares outstanding (in Shares) 40,697,888 29,572,392 39,210,984 26,639,116
Grant        
Revenues:        
Revenue $ 186,198 $ 101,640 $ 515,264 $ 393,835