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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (39,690,815) $ (20,652,565)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of contingent consideration liability (120,000) 13,640,000
Impairment loss on construction-in-progress 8,070,000  
Stock-based compensation expense 2,703,180 545,431
Depreciation and amortization 149,388 146,045
Unrealized losses (gains) on foreign currency exchange 10,108 (18,851)
Changes in operating assets and liabilities:    
Accounts receivable (93,672) (160,920)
Prepaid expenses and other current assets (7,155,593) (343,337)
Accounts payable 808,899 176,985
Accrued expenses and other liabilities (4,052,095) 26,761
Tax refund receivable 874,812 (4,877,851)
Net cash used in operating activities (38,495,788) (11,518,302)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and maturities of short-term investments 63,712,000 24,900,000
Purchases of short-term investments (7,424,005) (12,118,563)
Purchases of property and equipment, net (11,900,198) (40,601)
Cash paid for internally developed patents (145,546) (79,336)
Net cash provided by investing activities 44,242,251 12,661,500
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of deferred offering costs (118,522) (179,743)
Proceeds from exercises of warrants   31,310,137
Proceeds from issuance of common stock in at the market offerings, net 52,356,204 22,780,729
Proceeds from issuance of notes payable   632,000
Proceeds from issuance of common stock from Employee Stock Purchase Plan 106,001 56,739
Proceeds from exercises of stock options 94,429 36,175
Net cash provided by financing activities 52,438,112 54,636,037
Net increase in cash and cash equivalents and restricted cash 58,184,575 55,779,235
Cash, cash equivalents and restricted cash at beginning of period 115,951,981 8,996,860
Cash, cash equivalents and restricted cash at end of period $ 174,136,556 $ 64,776,095