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Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 16,865,642 $ 26,043,897
Licensing, contracts and grants receivable 130,742 138,889
Research and development incentives receivable 100,372 103,832
Prepaid expenses and other current assets 396,355 282,903
Total current assets 17,493,111 26,569,521
Security deposit 22,777 22,777
Office furniture and equipment, net of accumulated depreciation of $111,742 and $167,848 21,505 22,220
Deferred issuance cost 20,266 20,266
Right-of-use lease assets 367,375 106,155
Research and development incentives receivable 22,339 121,238
Other assets   7,750
Total assets 17,947,373 26,869,927
Current liabilities:    
Accounts payable 4,164,627 2,925,544
Accrued expenses 2,235,451 2,956,545
Accrued compensation 59,790 302,936
Lease liabilities - current 106,165 106,151
Convertible debt, current 3,000,000  
Deferred revenue, current 100,000  
Total current liabilities 9,666,033 6,291,176
Non-current liabilities:    
Convertible debt, net of current portion and debt discount of $112,779 and $143,847 6,887,221 9,856,153
Lease liabilities, net of current portion 262,117  
Deferred revenue, net of current portion 100,000  
Total liabilities 16,915,371 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; 43,105,191 shares and 42,873,445 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 43,105 42,873
Additional paid-in capital 216,773,316 216,402,890
Accumulated other comprehensive income 25,472 41,942
Accumulated deficit (215,809,891) (205,765,107)
Total shareholders' equity 1,032,002 10,722,598
Total liabilities and shareholders' equity $ 17,947,373 $ 26,869,927