Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 30,352,359 $ 12,432,481
Marketable securities 29,490,430 46,246,573
Restricted cash – security deposits 136,000 136,000
Prepaid expenses and other current assets 960,422 2,739,791
Total current assets 60,939,211 61,554,845
Non-current assets:    
Leasehold improvements and equipment - net 1,406,748 1,523,950
Operating lease right-of-use assets - net 3,034,155 3,276,639
Finance lease right-of-use assets - net 37,350 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 9,032,118 9,412,461
Total assets 69,971,329 70,967,306
Current liabilities:    
Accounts payable 450,461 349,941
Accrued expenses 2,762,736 2,795,329
Operating lease liabilities - current 351,257 391,498
Financing lease liabilities - current 26,870 30,853
Total current liabilities 3,591,324 3,567,621
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,123,482 3,304,063
Financing lease liabilities - net of current portion 11,508 23,660
Total non-current liabilities 3,476,255 3,668,988
Total liabilities 7,067,579 7,236,609
Stockholders’ equity:    
Series B Convertible preferred stock, stated value $1,000 per share, 8,000 shares authorized as of June 30, 2021 and December 31, 2020; 0 and 4,361 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 3,797,705
Common stock par value $0.0001 per share, 500,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 214,627,522 and 200,113,431 issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 21,462 20,010
Additional paid-in capital 180,929,263 167,192,003
Accumulated deficit (118,098,218) (107,507,193)
Accumulated other comprehensive income 51,243 228,172
Total stockholders’ equity 62,903,750 63,730,697
Total liabilities and stockholders’ equity $ 69,971,329 $ 70,967,306