Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 35,669,685 $ 49,071,414
Accounts receivable, net 210,283 283,602
Inventory 52,153  
Prepaid expenses and other current assets 1,265,895 874,886
Total current assets 37,198,016 50,229,902
Property and equipment, net 495,395 510,197
Operating lease right-of-use assets 2,318,717 618,985
Other assets 11,991 11,991
Total assets 40,024,119 51,371,075
Current liabilities:    
Accounts payable 1,008,932 1,205,957
Accrued expenses 1,472,763 1,523,317
Accrued severance expense 744,820 975,439
Operating lease liabilities, current portion 721,500 628,307
Deferred revenue 21,345 13,364
Total current liabilities 3,969,360 4,346,384
Operating lease liabilities, long-term portion 1,615,527 40,413
Total liabilities 5,584,887 4,386,797
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2022 and December 31, 2021; no shares issued or outstanding at June 30, 2022 and December 31, 2021.
Common Stock, $0.00001 par value, 200,000,000 shares authorized at June 30, 2022 and December 31, 2021; 77,464,571 and 76,667,205 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 775 767
Additional paid-in capital 385,008,963 383,383,550
Accumulated deficit (350,570,506) (336,400,039)
Total stockholders’ equity 34,439,232 46,984,278
Total liabilities and stockholders’ equity $ 40,024,119 $ 51,371,075