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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 104,790,989 $ 52,858,311
Cash equivalent - reverse repurchase agreements 125,000,000 25,000,000
Marketable securities 0 0
Prepaid expenses and other current assets 2,961,781 5,200,957
Total current assets 232,752,770 83,059,268
Fixed assets, net 32,487 59,925
Right of use assets 351,863 233,310
Total assets 233,137,120 83,352,503
Current liabilities:    
Accounts payable 1,019,702 381,638
Accrued expenses 10,523,353 8,134,765
Current portion of long-term debt 0 3,659,776
Current portion of operating lease liabilities 229,607 233,310
Total current liabilities 11,772,662 12,409,489
Operating lease liabilities, long-term 125,232 0
Long-term debt, net of current portion 15,503,703 11,434,456
Total liabilities 27,401,597 23,843,945
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $0.001 par value, 15,000,000 shares authorized, none issued and outstanding
Common stock, voting, $0.001 par value; 150,000,000 authorized and 58,081,215 and 38,667,491 shares issued and outstanding, respectively 58,081 38,667
Additional paid-in capital 500,369,444 296,385,619
Accumulated other comprehensive income 0 0
Accumulated deficit (294,692,002) (236,915,728)
Total stockholders’ equity 205,735,523 59,508,558
Total liabilities and stockholders’ equity $ 233,137,120 $ 83,352,503