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Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 2,329,218 $ 12,710,762
Collaboration receivable   5,000,000
Prepaid expenses 759,292 1,094,229
Deferred financing costs 408,000  
Other current assets 20,188 9,283,625
Total current assets 3,516,698 28,088,616
Property and equipment, net 214,578 114,112
Other assets:    
Goodwill 7,647,267 7,647,267
Other non-current assets 245,683 406,956
Total assets 11,624,226 36,256,951
Current liabilities:    
Accounts payable 3,813,280 1,405,734
Accrued expenses 3,657,394 2,428,193
Deferred collaboration funding, current 8,412,971 15,825,938
Other current liabilities 741,425 9,450,085
Original Term Loan payable, current, at fair value 2,326,630  
Total current liabilities 18,951,700 29,109,950
Deferred collaboration funding, non-current   8,661,109
Original Term Loan payable, non-current, at fair value 3,240,601  
Convertible note payable, at fair value 6,047,532  
Other non-current liabilities 145,665 209,497
Total liabilities 28,385,498 37,980,556
Commitments and Contingencies (Note 8)
Stockholders’ (deficit) equity:    
Preferred stock, $0.0001 par value; authorized 10,000,000 shares; none issued and outstanding
Common stock, $0.0001 par value; authorized 150,000,000 shares; 19,624,280 and 14,310,244 shares issued and outstanding at December 31, 2022 and 2021, respectively 1,962 1,431
Additional paid-in capital 123,984,035 112,784,918
Accumulated deficit (140,747,269) (114,509,954)
Total stockholders' deficit (16,761,272) (1,723,605)
Total liabilities and stockholders' deficit $ 11,624,226 $ 36,256,951