Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 10,398,544 $ 21,029,806
Marketable securities 28,104,146 28,592,049
Restricted cash – security deposit 50,000 50,000
Prepaid expenses and other current assets 3,371,538 1,321,466
Total current assets 41,924,228 50,993,321
Non-current assets:    
Leasehold improvements and equipment - net 1,982,975 1,537,728
Operating lease right-of-use assets - net 3,944,158 4,218,890
Finance lease right-of-use assets - net 10,415 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 10,491,413 10,332,753
Total assets 52,415,641 61,326,074
Current liabilities:    
Accounts payable 497,151 938,270
Accrued expenses 4,294,396 2,850,888
Operating lease liabilities - current 579,260 538,546
Financing lease liabilities - current 11,508 21,039
Total current liabilities 5,382,315 4,348,743
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,843,524 4,140,387
Financing lease liabilities - net of current portion 2,621
Total non-current liabilities 4,184,789 4,484,273
Total liabilities 9,567,104 8,833,016
Stockholders’ equity:    
Common stock par value $0.0001 per share, 500,000,000 shares authorized at June 30, 2022 and December 31, 2021; 216,864,526 and 216,269,450 issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 21,685 21,627
Additional paid-in capital 187,116,333 184,251,138
Accumulated deficit (143,535,065) (131,634,208)
Accumulated other comprehensive loss (754,416) (145,499)
Total stockholders’ equity 42,848,537 52,493,058
Total liabilities and stockholders’ equity $ 52,415,641 $ 61,326,074