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Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 5,663,833 $ 5,319,004
Prepaid expenses 581,706 329,218
Total current assets 6,245,539 5,648,222
Operating lease right-of-use asset 138,538  
Other assets 11,551 11,551
Total assets 6,395,628 5,659,773
Current Liabilities:    
Accounts payable and accrued expenses 1,033,383 476,202
Accrued compensation 843,162 1,158,251
Operating lease liability 138,538  
Total current liabilities 2,015,083 1,634,453
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value; authorized shares — 5,000,000 at December 31, 2019 and 2018; issued and outstanding shares — 0 at December 31, 2019 and 2018
Common stock, $0.0001 par value; authorized shares — 50,000,000 at December 31, 2019 and 2018; issued and outstanding shares — 24,431,914 and 17,427,533 at December 31, 2019 and 2018, respectively 2,443 1,743
Additional paid-in capital 90,108,492 82,628,312
Accumulated deficit (85,730,390) (78,604,735)
Total stockholders' equity 4,380,545 4,025,320
Total liabilities and stockholders' equity $ 6,395,628 $ 5,659,773