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Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 7,990,392 $ 5,663,833
Prepaid expenses 193,902 581,706
Other current assets 11,551  
Total current assets 8,195,845 6,245,539
Operating lease right-of-use asset 71,211 138,538
Other assets   11,551
Total assets 8,267,056 6,395,628
Current Liabilities:    
Accounts payable and accrued expenses 604,832 1,033,383
Accrued compensation 860,521 843,162
Operating lease liability 71,211 138,538
Paycheck protection program loan 104,168  
Milestone payable 5,000,000  
Total current liabilities 6,640,732 2,015,083
Long-term Liabilities:    
Note payable 2,000,000  
Total liabilities 8,640,732 2,015,083
Stockholders' equity:    
Common stock, $0.0001 par value; authorized shares - 50,000,000; issued and outstanding shares - 26,011,263 and 24,431,914 at June 30, 2020 and December 31, 2019, respectively 2,601 2,443
Additional paid-in capital 94,111,817 90,108,492
Accumulated deficit (94,488,094) (85,730,390)
Total stockholders' equity (deficit) (373,676) 4,380,545
Total liabilities and stockholders' equity $ 8,267,056 $ 6,395,628