Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 22,170,438 $ 12,446,838
Marketable securities 5,604,634
Restricted cash 250,000 100,000
Prepaid expenses and other current assets 1,897,784 538,646
Total current assets 29,922,856 13,085,484
Non-current assets:    
Leasehold improvements and equipment - net 1,749,259 2,042,893
Operating lease right-of-use assets - net 3,761,207
Finance lease right-of-use - net 116,968
In-process research and development 3,017,377 3,017,377
Goodwill 1,336,488 1,336,488
Restricted cash - security deposits 336,000 461,000
Total non-current assets 10,317,299 6,857,758
Total assets 40,240,155 19,943,242
Current liabilities:    
Accounts payable 679,310 295,652
Note payable 199,842
Accrued expenses 1,939,510 1,086,868
Stock dividends payable 1,174,286
Operating lease liabilities - current 423,741
Financing lease liabilities - current 54,673 83,245
Total current liabilities 3,097,234 2,839,893
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,695,561
Financing lease liabilities - net of current portion 54,513 107,656
Deferred rent liability 512,704
Total non-current liabilities 4,091,339 961,625
Total liabilities 7,188,573 3,801,518
Stockholders' equity:    
Common stock par value $0.0001 per share, 500,000,000 and 250,000,000 shares authorized at December 31, 2019 and 2018, respectively; 163,156,984 and 113,287,670 issued and outstanding as of December 31, 2019 and 2018, respectively 16,315 11,329
Additional paid-in capital 113,427,897 72,294,921
Accumulated deficit (84,377,555) (65,944,759)
Accumulated other comprehensive loss (880)  
Total stockholders' equity 33,051,582 16,141,724
Total liabilities and stockholders' equity 40,240,155 19,943,242
Series A Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, value 5,583,686
Series B Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, value $ 3,985,805 $ 4,196,547