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Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 22,875,679 $ 26,043,897
Contracts and grants receivable 123,692 138,889
Research and development incentives receivable 121,238 103,832
Prepaid expenses and other current assets 353,635 282,903
Total current assets 23,474,244 26,569,521
Security deposit 22,777 22,777
Office furniture and equipment, net of accumulated depreciation of $172,204 and $167,848 27,686 22,220
Deferred issuance cost 20,266 20,266
Right-of-use lease assets 75,230 106,155
Research and development incentive receivable 50,566 121,238
Other assets 3,875 7,750
Total assets 23,674,644 26,869,927
Current liabilities:    
Accounts payable 4,518,174 2,925,544
Accrued expenses 2,592,296 2,956,545
Accrued compensation 38,050 302,936
Lease liabilities - current 75,230 106,151
Total current liabilities 7,223,750 6,291,176
Non-current liabilities:    
Convertible debt, net of debt discount of $133,605 and $143,847 9,866,395 9,856,153
Total liabilities 17,090,145 16,147,329
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; 42,954,091 shares and 42,873,445 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 42,954 42,873
Additional paid-in capital 216,531,081 216,402,890
Accumulated other comprehensive income 124,592 41,942
Accumulated deficit (210,114,128) (205,765,107)
Total shareholders' equity 6,584,499 10,722,598
Total liabilities and shareholders' equity $ 23,674,644 $ 26,869,927