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Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net loss $ (10,886,809) $ (5,707,427)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,151,691 1,055,103
Milestone expense 5,000,000  
Accrued interest 53,442  
Change in operating assets and liabilities:    
Prepaid expenses and other assets 261,552 (345,975)
Accounts payable and other current liabilities (498,379) 383,896
Net cash used in operating activities (4,918,503) (4,614,403)
Financing activities    
Proceeds from issuance of common stock, net 3,309,116 5,800,201
Proceeds from issuance of common stock from employee stock purchase plan 119,415  
Proceeds from issuance of common stock from stock option exercised 2,627  
Proceeds from paycheck protection program 104,168  
Proceeds from Eversana line of credit 2,000,000  
Net cash provided by financing activities 5,535,326 5,800,201
Net increase in cash and cash equivalents 616,823 1,185,798
Cash and cash equivalents at beginning of period 5,663,833 5,319,004
Cash and cash equivalents at end of period $ 6,280,656 $ 6,504,802