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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 5,047,325 $ 4,780,107
Other receivables 429,722 555,210
Prepaid expenses 3,844,764 1,108,615
Total current assets 9,321,811 6,443,932
Property and equipment, net 51,582 63,531
Other non-current assets 840,572 935,325
Total assets 10,213,965 7,442,788
Current liabilities    
Accounts payable 1,531,497 1,083,183
Accrued expenses 1,690,626 2,098,653
Deferred grant funding 1,089,064 2,019,674
Current portion of lease liabilities 404,395 410,896
Total current liabilities 4,715,582 5,612,406
Deferred license revenue 1,000,000 0
Contingent consideration 1,000,000 1,000,000
Lease liabilities long-term 284,200 389,556
Total liabilities 6,999,782 7,001,962
Commitments and contingencies (Note 8)
Stockholders' equity    
Preferred stock, $0.01 par value, 5,000,000 shares authorized; None issued and outstanding 0 0
Common stock, $0.0001 par value; 120,000,000 shares authorized; 24,700,553 and 19,683,401 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 2,470 1,968
Accumulated other comprehensive loss (125,569) (102,625)
Additional paid-in capital 51,612,721 44,564,674
Accumulated deficit (48,275,439) (44,023,191)
Total stockholders' equity 3,214,183 440,826
Total liabilities and stockholders' equity $ 10,213,965 $ 7,442,788