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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 26,043,897 $ 18,676,663
Contracts and grants receivable 138,889 203,774
Research and development incentives receivable 103,832 361,096
Prepaid expenses and other current assets 282,903 225,473
Total current assets 26,569,521 19,467,006
Security deposit 22,777 22,777
Office furniture and equipment, net of accumulated depreciation of $167,848 and $154,769 22,220 23,510
Deferred issuance cost 20,266 53,523
Right-of-use lease assets 106,155 228,027
Research and development incentives receivable 121,238 73,142
Other assets 7,750 23,250
Total assets 26,869,927 19,891,235
Current liabilities:    
Accounts payable 2,925,544 2,129,844
Accrued expenses 2,956,545 2,638,308
Accrued compensation 302,936 875,096
Paycheck protection program loan   324,979
Lease liabilities - current 106,151 112,294
Total current liabilities 6,291,176 6,080,521
Non-current liabilities:    
Convertible debt, net of debt discount of $143,847 and $140,261 9,856,153 9,859,739
Paycheck Protection Program loan, net of current 0 92,851
Lease liabilities, net of current   116,296
Total liabilities 16,147,329 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; 42,873,445 shares and 30,643,656 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 42,873 30,644
Additional paid-in capital 216,402,890 196,949,655
Accumulated other comprehensive income/(loss) 41,942 (24,337)
Accumulated deficit (205,765,107) (193,214,134)
Total shareholders' equity 10,722,598 3,741,828
Total liabilities and shareholders' equity $ 26,869,927 $ 19,891,235