Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 29,208,245 $ 20,106,485
Accounts receivable 47,500 44,550
Prepaid expenses and other current assets 486,360 637,708
Operating lease right-of-use assets 121,216  
Total current assets 29,863,321 20,788,743
Property and equipment, net 914,964 1,219,016
Other assets 2,410 2,410
Total assets 30,780,695 22,010,169
Current liabilities:    
Accounts payable 1,327,261 1,861,385
Accrued expenses 2,111,116 1,778,349
Operating lease liabilities 127,540  
Total current liabilities 3,565,917 3,639,734
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2019 and December 31, 2018; no shares issued or outstanding
Common Stock, $0.00001 par value, 50,000,000 shares authorized at June 30, 2019 and December 31, 2018; 30,603,534 and 26,526,303 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively. 306 265
Additional paid-in capital 272,779,507 243,111,741
Accumulated deficit (245,565,035) (224,741,571)
Total stockholders’ equity 27,214,778 18,370,435
Total liabilities and stockholders’ equity $ 30,780,695 $ 22,010,169