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Condensed Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,377,923 $ 12,710,762
Collaboration receivable   5,000,000
Prepaid expenses 920,710 1,094,229
Other current assets 5,436 9,283,625
Total current assets 7,304,069 28,088,616
Property and equipment, net 92,502 114,112
Other assets:    
Goodwill 7,647,267 7,647,267
Other non-current assets 280,695 406,956
Total assets 15,324,533 36,256,951
Current liabilities:    
Accounts payable 4,687,513 1,405,734
Accrued expenses 3,858,735 2,428,193
Deferred collaboration funding, current 10,598,201 15,825,938
Other current liabilities 138,721 9,450,085
Bridge loan payable, current, at fair value 1,510,571  
Total current liabilities 20,793,741 29,109,950
Deferred collaboration funding, non-current   8,661,109
Bridge loan payable non-current, at fair value 2,967,788  
Convertible note payable, at fair value 3,603,000  
Other non-current liabilities 167,321 209,497
Total liabilities 27,531,850 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; 16,373,611 and 14,310,244 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 1,637 1,431
Additional paid-in capital 119,153,985 112,784,918
Accumulated deficit (131,362,939) (114,509,954)
Total stockholders’ deficit (12,207,317) (1,723,605)
Total liabilities and stockholders’ deficit $ 15,324,533 $ 36,256,951