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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 42,012,015 $ 104,790,989
Cash equivalent - reverse repurchase agreements 79,000,000 125,000,000
Marketable securities 75,677,040 0
Prepaid expenses and other current assets 4,052,355 2,961,781
Total current assets 200,741,410 232,752,770
Right-of-use assets 239,873 351,863
Fixed assets, net 34,041 32,487
Total assets 201,015,324 233,137,120
Current liabilities:    
Accounts payable 264,225 1,019,702
Accrued expenses 10,810,155 10,523,353
Current portion of long-term debt 4,925,765 0
Current portion of operating lease liabilities 242,636 229,607
Total current liabilities 16,242,781 11,772,662
Operating lease liabilities, long-term 0 125,232
Long-term debt, net of current portion 10,743,535 15,503,703
Total liabilities 26,986,316 27,401,597
Commitments and contingencies (Notes 13, 14, and 15)
Stockholders' equity:    
Preferred stock, $0.001 par value, 15,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.001 par value; 150,000,000 authorized and 58,301,491 and 58,081,215 shares issued and outstanding, respectively 58,301 58,081
Additional paid-in capital 503,517,715 500,369,444
Accumulated other comprehensive income (285,763) 0
Accumulated deficit (329,261,245) (294,692,002)
Total stockholders’ equity 174,029,008 205,735,523
Total liabilities and stockholders’ equity $ 201,015,324 $ 233,137,120