Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 30,355,468 $ 49,071,414
Accounts receivable, net 243,320 283,602
Inventory 164,426  
Prepaid expenses and other current assets 1,105,254 874,886
Total current assets 31,868,468 50,229,902
Property and equipment, net 436,400 510,197
Operating lease right-of-use assets 2,139,949 618,985
Other assets 11,991 11,991
Total assets 34,456,808 51,371,075
Current liabilities:    
Accounts payable 893,783 1,205,957
Accrued expenses 1,524,241 1,523,317
Accrued severance expense 580,034 975,439
Operating lease liabilities, current portion 709,014 628,307
Deferred revenue 55,841 13,364
Total current liabilities 3,762,913 4,346,384
Operating lease liabilities, long-term portion 1,436,339 40,413
Total liabilities 5,199,252 4,386,797
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at September 30, 2022 and December 31, 2021; no shares issued or outstanding at September 30, 2022 and December 31, 2021.
Common Stock, $0.00001 par value, 200,000,000 shares authorized at September 30, 2022 and December 31, 2021; 77,722,402 and 76,667,205 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively. 778 767
Additional paid-in capital 385,792,159 383,383,550
Accumulated deficit (356,535,381) (336,400,039)
Total stockholders’ equity 29,257,556 46,984,278
Total liabilities and stockholders’ equity $ 34,456,808 $ 51,371,075