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Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 55,796,378 $ 39,534,985
Accounts receivable, net 272,557
Prepaid expenses and other current assets 590,251 219,057
Total current assets 56,386,629 40,026,599
Property, plant and equipment, net 9,253,965 8,130,708
Operating lease right-of-use assets, net 2,823,430
Prepaid expenses and other assets 378,043 1,260,951
Total assets 68,842,067 49,418,258
Current liabilities:    
Accounts payable 3,498,043 3,235,949
Accrued compensation 3,164,687 2,515,519
Accrued stock offering expenses 1,289,413
Other accrued expenses 1,525,919 1,459,182
Deferred rent 268,599
Current portion of operating lease liabilities 566,390
Current portion of finance lease liabilities 1,244,229 452,703
Current portion of long-term debt 5,585,637 316,906
Total current liabilities 16,874,318 8,248,858
Long-term operating lease liabilities 5,670,971
Long-term finance lease liabilities 1,056,747 376,082
Long-term deferred rent 2,406,084
Long-term deferred revenue 8,071,920
Long-term debt, noncurrent 10,292,484 11,627,643
Total liabilities 33,894,520 30,730,587
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock — 10,000,000 shares authorized as of December 31, 2019 and December 31, 2018, 0 and 0 issued and outstanding as of December 31, 2019 and December 31, 2018, respectively
Common stock — $0.001 par value, 40,000,000 shares authorized as of December 31, 2019 and December 31, 2018, 28,231,267 and 15,519,469 issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 28,231 15,520
Additional paid-in capital 250,158,766 185,726,048
Accumulated deficit (215,239,450) (167,053,897)
Total stockholders’ equity 34,947,547 18,687,671
Total liabilities and stockholders’ equity $ 68,842,067 $ 49,418,258