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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 19,105,830 $ 7,444,052
Prepaid expenses and other current assets 652,893 1,322,167
Asset held for sale 0 7,000,000
Total current assets 19,758,723 15,766,219
Property and equipment, net 214,100 222,464
Restricted cash 151,196 151,016
Other assets 415,555 667,747
Total assets 20,539,574 16,807,446
Current liabilities    
Accounts payable 222,340 1,895,613
Accrued expenses 2,333,733 2,270,045
Short-term debt, net 1,210,645 0
Operating lease obligation 164,808 172,310
Other current liabilities 199,261 205,991
Total current liabilities 4,130,787 4,543,959
Non-current liabilities    
Operating lease obligation, less current portion 42,746 163,198
Long term debt, net 1,944,396 1,072,123
Other non-current liabilities 0 9,755
Total non-current liabilities 1,987,142 1,245,076
Total liabilities 6,117,929 5,789,035
Commitments and contingencies (Note 11)
Stockholders’ equity    
Convertible preferred stock; $0.01 par value; 10,000,000 shares authorized; seven issued and outstanding at September 30, 2020 and December 31, 2019 0 0
Common stock; $0.01 par value; 200,000,000 authorized; 162,147,973 and 52,746,728 shares issued at September 30, 2020 and December 31, 2019, respectively; 162,026,473 and 52,625,228 shares outstanding at September 30, 2020 and December 31, 2019, respectively 1,621,480 527,467
Treasury Stock, at cost, 121,500 shares at September 30, 2020 and December 31, 2019 (47,864) (47,864)
Additional paid-in capital 82,359,494 62,018,632
Accumulated deficit (69,511,465) (51,479,824)
Total stockholders’ equity 14,421,645 11,018,411
Total liabilities and stockholders’ equity $ 20,539,574 $ 16,807,446