Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 19,328,135 $ 21,029,806
Marketable securities 24,541,834 28,592,049
Restricted cash – security deposit 50,000 50,000
Prepaid expenses and other current assets 1,199,111 1,321,466
Total current assets 45,119,080 50,993,321
Non-current assets:    
Leasehold improvements and equipment - net 2,013,322 1,537,728
Operating lease right-of-use assets - net 4,082,763 4,218,890
Finance lease right-of-use assets - net 15,835 22,270
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 10,665,785 10,332,753
Total assets 55,784,865 61,326,074
Current liabilities:    
Accounts payable 1,351,905 938,270
Accrued expenses 1,840,748 2,850,888
Operating lease liabilities - current 558,702 538,546
Financing lease liabilities - current 17,134 21,039
Total current liabilities 3,768,489 4,348,743
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,993,396 4,140,387
Financing lease liabilities - net of current portion 2,621
Total non-current liabilities 4,334,661 4,484,273
Total liabilities 8,103,150 8,833,016
Stockholders’ equity:    
Common stock par value $0.0001 per share, 500,000,000 shares authorized at March 31, 2022 and December 31, 2021; 216,864,526 and 216,269,450 issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 21,685 21,627
Additional paid-in capital 185,901,685 184,251,138
Accumulated deficit (137,612,481) (131,634,208)
Accumulated other comprehensive loss (629,174) (145,499)
Total stockholders’ equity 47,681,715 52,493,058
Total liabilities and stockholders’ equity $ 55,784,865 $ 61,326,074