Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 50,729,661 $ 21,684,089
Accounts receivable, net 75,850 63,144
Prepaid expenses and other current assets 636,702 450,231
Total current assets 51,442,213 22,197,464
Property and equipment, net 402,711 626,524
Right-of-use lease assets 1,293,291 2,057,576
Other assets 1,610 2,410
Total assets 53,139,825 24,883,974
Current liabilities:    
Accounts payable 1,096,839 1,671,519
Accrued expenses 1,576,287 2,063,097
Operating lease liabilities, current portion 825,431 722,291
Deferred revenue 12,000 12,000
Total current liabilities 3,510,557 4,468,907
Long-term liabilities:    
Operating lease liabilities, long-term portion 576,762 1,402,193
Total liabilities 4,087,319 5,871,100
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at December 31, 2020 and December 31, 2019; no shares issued or outstanding
Common Stock, $0.00001 par value, 200,000,000 and 50,000,000 shares authorized at December 31, 2020 and December 31, 2019, respectively; 61,292,412 and 33,203,806 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively. 614 333
Additional paid-in capital 344,024,638 282,153,201
Accumulated deficit (294,972,746) (263,140,660)
Total stockholders’ equity 49,052,506 19,012,874
Total liabilities and stockholders’ equity $ 53,139,825 $ 24,883,974