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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 27,754,813 $ 10,195,292
Accounts receivable and unbilled receivable 109,334 203,480
Prepaid expenses and other current assets 954,986 954,957
Total current assets 28,819,133 11,353,729
Property and equipment, net 655,367 877,823
Operating lease right-of-use assets 501,894 697,418
Other assets 152,585 157,576
Total Assets 30,128,979 13,086,546
Current liabilities:    
Accounts payable 1,155,531 656,304
Accrued expenses 2,858,161 3,260,061
Note payable 70,730 0
Operating lease liabilities 877,607 865,379
Total current liabilities 4,962,029 4,781,744
Derivative financial instruments—warrants 46,164 4,127
Note payable, net of current portion 234,270 0
Operating lease liabilities, net of current portion 429,776 860,963
Other liabilities 72,701 128,368
Total Liabilities 5,744,940 5,775,202
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock, 20,000,000 shares authorized; (Note 7) 926 60
Common stock, $0.0001 par value, 150,000,000 shares authorized; 21,325,076 and 8,593,633 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 9,585 8,312
Additional paid-in capital 247,528,273 217,172,528
Service receivables (2,765,164) (971,673)
Accumulated deficit (220,389,581) (208,897,883)
Total stockholders’ equity 24,384,039 7,311,344
Total liabilities and stockholders’ equity $ 30,128,979 $ 13,086,546