XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 14,469,744 $ 12,710,762
Collaboration receivable   5,000,000
Prepaid expenses 666,318 1,094,229
Other current assets 65,061 9,283,625
Total current assets 15,201,123 28,088,616
Property and equipment, net 101,582 114,112
Other assets:    
Goodwill 7,647,267 7,647,267
Other non-current assets 292,918 406,956
Total assets 23,242,890 36,256,951
Current liabilities:    
Accounts payable 3,491,991 1,405,734
Accrued expenses 5,567,964 2,428,193
Deferred collaboration funding, current 6,340,438 15,825,938
Other current liabilities 185,265 9,450,085
Bridge loan payable, current, at fair value 1,887,606  
Total current liabilities 17,473,264 29,109,950
Deferred collaboration funding, non-current 7,868,731 8,661,109
Bridge loan payable non-current, at fair value 2,197,103  
Convertible note payable, at fair value 4,321,200  
Other non-current liabilities 166,134 209,497
Total liabilities 32,026,432 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; 15,672,791 and 14,310,244 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 1,567 1,431
Additional paid-in capital 117,570,885 112,784,918
Accumulated deficit (126,355,994) (114,509,954)
Total stockholders’ deficit (8,783,542) (1,723,605)
Total liabilities and stockholders’ deficit $ 23,242,890 $ 36,256,951