v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 10,077,527 $ 22,170,438
Marketable securities 61,089,840 5,604,634
Restricted cash 150,000 250,000
Prepaid expenses and other current assets 2,671,154 1,897,784
Total current assets 73,988,521 29,922,856
Non-current assets:    
Leasehold improvements and equipment - net 1,697,386 1,749,259
Operating lease right-of-use assets - net 3,643,298 3,761,207
Finance lease right-of-use assets - net 94,046 116,968
In-process research and development 3,017,377 3,017,377
Goodwill 1,336,488 1,336,488
Restricted cash - security deposits 336,000 336,000
Total non-current assets 10,124,595 10,317,299
Total assets 84,113,116 40,240,155
Current liabilities:    
Accounts payable 953,326 679,310
Accrued expenses 1,106,071 1,939,510
Operating lease liabilities - current 440,808 423,741
Financing lease liabilities - current 42,710 54,673
Total current liabilities 2,542,915 3,097,234
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,579,280 3,695,561
Financing lease liabilities - net of current portion 46,529 54,513
Total non-current liabilities 3,967,074 4,091,339
Total liabilities 6,509,989 7,188,573
Stockholders' equity:    
Series B Convertible preferred stock, stated value $1,000 per share, 8,000 shares authorized as of March 31, 2020 and December 31, 2019; 4,552 and 4,577 shares issued and outstanding as of March 31, 2020 and December 31, 2019; (liquidation preference - $4,552,000 at March 31, 2020) 3,964,034 3,985,805
Common stock par value $0.0001 per share, 500,000,000 shares authorized at March 31, 2020 and December 31, 2019; 197,202,938 and 163,156,984 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 19,719 16,315
Additional paid-in capital 162,520,461 113,427,897
Accumulated deficit (89,423,453) (84,377,555)
Accumulated other comprehensive income/(loss) 522,366 (880)
Total stockholders' equity 77,603,127 33,051,582
Total liabilities and stockholders' equity $ 84,113,116 $ 40,240,155

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