Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 14,903,928 $ 22,170,438
Marketable securities 53,053,709 5,604,634
Restricted cash 200,000 250,000
Prepaid expenses and other current assets 1,051,219 1,897,784
Total current assets 69,208,856 29,922,856
Non-current assets:    
Leasehold improvements and equipment - net 1,639,575 1,749,259
Operating lease right-of-use assets - net 3,523,298 3,761,207
Finance lease right-of-use assets - net 75,290 116,968
In-process research and development 3,017,377 3,017,377
Goodwill 1,336,488 1,336,488
Restricted cash - security deposits 286,000 336,000
Total non-current assets 9,878,028 10,317,299
Total assets 79,086,884 40,240,155
Current liabilities:    
Accounts payable 494,577 679,310
Accrued expenses 1,434,880 1,939,510
Operating lease liabilities - current 443,801 423,741
Financing lease liabilities - current 34,573 54,673
Total current liabilities 2,407,831 3,097,234
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,474,739 3,695,561
Financing lease liabilities - net of current portion 38,378 54,513
Total non-current liabilities 3,854,382 4,091,339
Total liabilities 6,262,213 7,188,573
Stockholders’ equity:    
Series B Convertible preferred stock, stated value $1,000 per share, 8,000 shares authorized as of June 30, 2020 and December 31, 2019; 4,552 and 4,577 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively; (liquidation preference - $4,552,000 at June 30, 2020) 3,964,034 3,985,805
Common stock par value $0.0001 per share, 500,000,000 shares authorized at June 30, 2020 and December 31, 2019; 198,873,477 and 163,156,984 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 19,886 16,315
Additional paid-in capital 164,079,847 113,427,897
Accumulated deficit (95,716,800) (84,377,555)
Accumulated other comprehensive income/(loss) 477,704 (880)
Total stockholders’ equity 72,824,671 33,051,582
Total liabilities and stockholders’ equity $ 79,086,884 $ 40,240,155