Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.22.1
Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 49,071,414 $ 50,729,661
Accounts receivable, net 283,602 75,850
Prepaid expenses and other current assets 874,886 636,702
Total current assets 50,229,902 51,442,213
Property and equipment, net 510,197 402,711
Operating right-of-use lease assets 618,985 1,293,291
Other assets 11,991 1,610
Total assets 51,371,075 53,139,825
Current liabilities:    
Accounts payable 1,205,957 1,096,839
Accrued expenses 1,523,317 1,576,287
Accrued severance 975,439  
Operating lease liabilities, current portion 628,307 825,431
Deferred revenue 13,364 12,000
Total current liabilities 4,346,384 3,510,557
Long-term liabilities:    
Operating lease liabilities, long-term portion 40,413 576,762
Total liabilities 4,386,797 4,087,319
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at December 31, 2021 and December 31, 2020; no shares issued or outstanding
Common Stock, $0.00001 par value, 200,000,000 shares authorized at December 31, 2021 and December 31, 2020; 76,667,205 and 61,292,412 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively. 767 614
Additional paid-in capital 383,383,550 344,024,638
Accumulated deficit (336,400,039) (294,972,746)
Total stockholders’ equity 46,984,278 49,052,506
Total liabilities and stockholders’ equity $ 51,371,075 $ 53,139,825