XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 16,394,067 $ 34,885,274
Marketable securities 35,022,883 0
Receivables 547,580 391,750
Prepaid expenses and other current assets 659,269 1,159,937
TOTAL CURRENT ASSETS 52,623,799 36,436,961
PROPERTY AND EQUIPMENT, net 2,629,114 1,795,696
OTHER ASSETS    
Lease right-of-use assets, net 2,544,489 2,821,944
Other assets 268,172 275,722
TOTAL ASSETS 58,065,574 41,330,323
CURRENT LIABILITIES    
Accounts payable and accrued expenses 3,127,836 3,116,371
Accounts payable and accrued expenses, related party 94,135 599,388
Lease liabilities, current 579,672 417,632
Deferred revenue, current 15,745,576 0
TOTAL CURRENT LIABILITIES 19,547,219 4,133,391
LONG-TERM LIABILITIES    
CIRM liability 3,376,259 3,376,259
Lease liabilities, net of current 2,158,677 2,452,707
Deferred revenue, net of current 14,254,424 0
TOTAL LONG-TERM LIABILITIES 19,789,360 5,828,966
TOTAL LIABILITIES 39,336,579 9,962,357
COMMITMENTS AND CONTINGENCIES (NOTE 7)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 50,000,000 shares authorized, 24,334,952 and 24,185,001 shares issued and outstanding, respectively 24,335 24,185
Additional paid-in capital 141,669,614 139,404,060
Accumulated other comprehensive income 22,830 0
Accumulated deficit (122,987,784) (108,060,279)
TOTAL STOCKHOLDERS' EQUITY 18,728,995 31,367,966
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 58,065,574 $ 41,330,323