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Condensed Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 20,800,384 $ 12,710,762
Collaboration receivable   5,000,000
Prepaid expenses 1,525,016 1,094,229
Other current assets 1,028,427 9,283,625
Total current assets 23,353,827 28,088,616
Property and equipment, net 122,436 114,112
Other assets:    
Goodwill 7,647,267 7,647,267
Other non-current assets 345,961 406,956
Total assets 31,469,491 36,256,951
Current liabilities:    
Accounts payable 2,019,653 1,405,734
Accrued expenses 6,135,326 2,428,193
Deferred collaboration funding, current 17,152,362 15,825,938
Other current liabilities 971,372 9,450,085
Bridge loan payable, current, at fair value 1,300,000  
Total current liabilities 27,578,713 29,109,950
Deferred collaboration funding, non-current 1,963,139 8,661,109
Bridge loan payable non-current, at fair value 4,872,969  
Convertible note payable, at fair value 6,962,400  
Other non-current liabilities 193,751 209,497
Total liabilities 41,570,972 37,980,556
Commitments and Contingencies (Note 8)
Stockholders’ deficit:    
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; 14,310,244 shares issued and outstanding at March 31, 2022 and December 31, 2021 1,431 1,431
Additional paid-in capital 113,586,046 112,784,918
Accumulated deficit (123,688,958) (114,509,954)
Total stockholders’ deficit (10,101,481) (1,723,605)
Total liabilities and stockholders’ deficit $ 31,469,491 $ 36,256,951