Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,051,225 $ 22,170,438
Marketable securities 55,719,661 5,604,634
Restricted cash 186,000 250,000
Prepaid expenses and other current assets 2,246,128 1,897,784
Total current assets 65,203,014 29,922,856
Non-current assets:    
Leasehold improvements and equipment - net 1,581,762 1,749,259
Operating lease right-of-use assets - net 3,401,136 3,761,207
Finance lease right-of-use assets - net 66,649 116,968
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 9,603,412 10,317,299
Total assets 74,806,426 40,240,155
Current liabilities:    
Accounts payable 373,066 679,310
Accrued expenses 2,015,102 1,939,510
Operating lease liabilities - current 417,874 423,741
Financing lease liabilities - current 32,278 54,673
Total current liabilities 2,838,320 3,097,234
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,391,568 3,695,561
Financing lease liabilities - net of current portion 30,054 54,513
Total non-current liabilities 3,762,887 4,091,339
Total liabilities 6,601,207 7,188,573
Stockholders’ equity:    
Series B Convertible preferred stock, stated value $1,000 per share, 8,000 shares authorized as of September 30, 2020 and December 31, 2019; 4,552 and 4,577 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively; (liquidation preference - $4,552,000 at September 30, 2020) 3,964,034 3,985,805
Common stock par value $0.0001 per share, 500,000,000 shares authorized at September 30, 2020 and December 31, 2019; 198,969,758 and 163,156,984 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 19,896 16,315
Additional paid-in capital 165,024,057 113,427,897
Accumulated deficit (101,166,313) (84,377,555)
Accumulated other comprehensive income/(loss) 363,545 (880)
Total stockholders’ equity 68,205,219 33,051,582
Total liabilities and stockholders’ equity $ 74,806,426 $ 40,240,155