XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Research and development revenue $ 692,929 $ 416,361 $ 2,090,541 $ 1,256,004
Costs and expenses:        
Costs of research and development revenue 392,544 266,929 1,612,810 1,169,351
Provision for contract losses 0 112,433 0 187,388
Research and development 1,901,548 986,054 5,918,888 2,857,670
General and administrative 1,692,837 1,643,493 4,994,458 4,772,117
Foreign currency exchange loss (gain), net 30,002 (16,240) 76,080 26,317
Total costs and expenses 4,016,931 2,992,669 12,602,236 9,012,843
Loss from operations (3,324,002) (2,576,308) (10,511,695) (7,756,839)
Other income:        
Interest income 3,202 76,809 49,772 391,779
Other income 1,605,532 0 1,605,532 0
Total other income 1,608,734 76,809 1,655,304 391,779
Net loss $ (1,715,268) $ (2,499,499) $ (8,856,391) $ (7,365,060)
Basic and diluted net loss per common share (in dollars per share) $ (0.06) $ (0.09) $ (0.32) $ (0.27)
Basic and diluted weighted-average common shares outstanding (in shares) 28,079,157 27,482,157 27,754,597 27,467,051