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Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Royalty revenue $ 2,193,213 $ 4,333,500
Grant and contract revenue 2,276,796 2,053,384
Total revenue 4,470,009 6,386,884
Operating expenses    
General and administrative 4,331,950 2,646,329
Research and development 8,823,179 4,088,187
Sales and marketing 2,676,590 997,574
Royalty expense 426,256 979,466
Total operating expenses 16,257,975 8,711,556
Loss from operations (11,787,966) (2,324,672)
Other income (expense)    
Interest income 5,094 3,199
Interest expense (420,890) (536,886)
Gain on foreign exchange 15,932 14,129
Total other income (expense) (399,864) (519,558)
Loss before income taxes (12,187,830) (2,844,230)
Income tax expense 0 0
Net loss (12,187,830) (2,844,230)
Other comprehensive loss:    
Foreign currency translation adjustment (27,150) 12,501
Comprehensive loss $ (12,214,980) $ (2,831,729)
Net loss per share of common stock:    
Basic (in dollars per share) $ (2.43) $ (0.66)
Diluted (in dollars per share) $ (2.43) $ (0.66)
Weighted average shares outstanding used to compute net loss per share:    
Basic (in shares) 5,015,262 4,282,923
Diluted (in shares) 5,015,262 4,282,923