v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 23,382,743 $ 12,432,481
Marketable securities 37,283,697 46,246,573
Restricted cash – security deposits 136,000 136,000
Prepaid expenses and other current assets 2,333,225 2,739,791
Total current assets 63,135,665 61,554,845
Non-current assets:    
Leasehold improvements and equipment - net 1,465,303 1,523,950
Operating lease right-of-use assets - net 3,149,744 3,276,639
Finance lease right-of-use assets - net 45,992 58,007
In-process research and development 3,017,377 3,017,377
Goodwill 1,336,488 1,336,488
Restricted cash - security deposit 200,000 200,000
Total non-current assets 9,214,904 9,412,461
Total assets 72,350,569 70,967,306
Current liabilities:    
Accounts payable 421,645 349,941
Accrued expenses 1,405,745 2,795,329
Operating lease liabilities - current 364,566 391,498
Financing lease liabilities - current 29,396 30,853
Total current liabilities 2,221,352 3,567,621
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,214,714 3,304,063
Financing lease liabilities - net of current portion 17,134 23,660
Total non-current liabilities 3,573,113 3,668,988
Total liabilities 5,794,465 7,236,609
Stockholders’ equity:    
Series B Convertible preferred stock, stated value $1,000 per share, 8,000 shares authorized as of March 31, 2021 and December 31, 2020; 4,218 and 4,361 shares issued and outstanding as of March 31, 2021 and December 31, 2020; (liquidation preference - $4,218,000 at March 31, 2021) 3,673,176 3,797,705
Common stock par value $0.0001 per share, 500,000,000 shares authorized at March 31, 2021 and December 31, 2020; 204,283,972 and 200,113,431 issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 20,427 20,010
Additional paid-in capital 175,189,608 167,192,003
Accumulated deficit (112,463,513) (107,507,193)
Accumulated other comprehensive income 136,406 228,172
Total stockholders’ equity 66,556,104 63,730,697
Total liabilities and stockholders’ equity $ 72,350,569 $ 70,967,306

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