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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Royalty revenue $ 2,326,292 $ 9,314,207 $ 4,519,505 $ 13,647,707
Grant and contract revenue 1,567,983 1,945,103 3,844,779 3,998,487
Total revenue 3,894,275 11,259,310 8,364,284 17,646,194
Operating expenses        
General and administrative 4,010,682 2,733,565 8,342,632 5,379,894
Research and development 7,916,288 3,149,503 16,739,467 7,237,690
Sales and marketing 2,815,708 1,022,988 5,492,298 2,020,562
Royalty expense 517,013 2,106,726 943,269 3,086,192
Total operating expenses 15,259,691 9,012,782 31,517,666 17,724,338
Income (loss) from operations (11,365,416) 2,246,528 (23,153,382) (78,144)
Other income (expense)        
Interest income 62,622 3,637 67,716 6,836
Interest expense (401,281) (542,091) (822,171) (1,078,977)
Gain (loss) on foreign exchange 18 (24,483) 15,950 (10,354)
Total other income (expense) (338,641) (562,937) (738,505) (1,082,495)
Income (loss) before income taxes (11,704,057) 1,683,591 (23,891,887) (1,160,639)
Income tax (expense) (32,489) 0 (32,489) 0
Net income (loss) (11,736,546) 1,683,591 (23,924,376) (1,160,639)
Other comprehensive loss:        
Foreign currency translation adjustment (161,185) (4,446) (188,335) 8,055
Comprehensive income (loss) $ (11,897,731) $ 1,679,145 $ (24,112,711) $ (1,152,584)
Net income (loss) per share of common stock:        
Basic (in dollars per share) $ (2.31) $ 0.39 $ (4.74) $ (0.27)
Diluted (in dollars per share) $ (2.31) $ 0.31 $ (4.74) $ (0.27)
Weighted average shares outstanding used to compute net income (loss) per share:        
Basic (in shares) 5,087,651 4,332,601 5,051,814 4,308,027
Diluted (in shares) 5,087,651 5,427,831 5,051,814 4,308,027