Annual report pursuant to Section 13 and 15(d)

Balance Sheet

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Balance Sheet - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 9,219,547 $ 8,744,301
Marketable securities 2,997,220 5,981,520
Prepaid expenses and other current assets 447,206 1,173,847
Total Current Assets 12,663,973 15,899,668
Security Deposits 25,681 30,785
Operating Lease Right-of-Use Assets 203,348  
Equipment, Net 75,770 112,473
Total Assets 12,968,772 16,042,926
Current Liabilities:    
Accounts payable and accrued expenses 1,265,731 3,152,550
Deferred revenue 1,500,000  
Operating lease liabilities, current 139,765  
Total Current Liabilities 2,905,496 3,152,550
Operating Lease Liabilities, non-current 63,605  
Warrant Liabilities 41,717 2,307,586
Other Liabilities   19,900
Total Liabilities 3,010,818 5,480,036
Commitments and Contingencies (note 14)
Stockholders' Equity:    
Preferred stock, par value $0.0001, 10,000,000 authorized shares, none issued and outstanding
Common stock, par value $0.0001, 75,000,000 authorized shares, 4,019,141 and 3,122,843 issued and outstanding 402 312
Additional paid-in capital 173,278,144 165,267,656
Accumulated other comprehensive income (loss) 2,084 (17,836)
Accumulated deficit (163,322,676) (154,687,242)
Total Stockholders' Equity 9,957,954 10,562,890
Total Liabilities and Stockholders' Equity $ 12,968,772 $ 16,042,926