v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 12,432,481 $ 22,170,438
Marketable securities 46,246,573 5,604,634
Restricted cash 136,000 250,000
Prepaid expenses and other current assets 2,739,791 1,897,784
Total current assets 61,554,845 29,922,856
Non-current assets:    
Leasehold improvements and equipment - net 1,523,950 1,749,259
Operating lease right-of-use assets - net 3,276,639 3,761,207
Finance lease right-of-use assets - net 58,007 116,968
In-process research and development 3,017,377 3,017,377
Goodwill 1,336,488 1,336,488
Restricted cash - security deposits 200,000 336,000
Total non-current assets 9,412,461 10,317,299
Total assets 70,967,306 40,240,155
Current liabilities:    
Accounts payable 349,941 679,310
Accrued expenses and other liabilities 2,795,329 1,939,510
Operating lease liabilities - current 391,498 423,741
Financing lease liabilities - current 30,853 54,673
Total current liabilities 3,567,621 3,097,234
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,304,063 3,695,561
Financing lease liabilities - net of current portion 23,660 54,513
Total non-current liabilities 3,668,988 4,091,339
Total liabilities 7,236,609 7,188,573
Series B Convertible preferred stock, stated value $1,000 per share, 8,000 shares authorized as of December 31, 2020 and 2019, respectively; 4,361 and 4,577 shares issued and outstanding as of December 31, 2020 and 2019, respectively; (liquidation preference - $4,361,000 at December 31, 2020) 3,797,705 3,985,805
Common stock par value $0.0001 per share, 500,000,000 shares authorized at December 31, 2020 and 2019, respectively; 200,113,431 and 163,156,984 issued and outstanding as of December 31, 2020 and 2019, respectively 20,010 16,315
Additional paid-in capital 167,192,003 113,427,897
Accumulated deficit (107,507,193) (84,377,555)
Accumulated other comprehensive income/(loss) 228,172 (880)
Total stockholders’ equity 63,730,697 33,051,582
Total liabilities and stockholders’ equity $ 70,967,306 $ 40,240,155

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