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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 16,350,237 $ 17,623,770
Restricted cash 174,950 171,553
Short-term investments 11,984,157
Trade receivables, net 35 10,904
Inventories, net 338,465 428,515
Prepaid research and development expenses 34,831 8,113
Security deposit 20,000
Other prepaid expenses and current assets 446,415 422,199
Total current assets 29,349,090 18,665,054
Property and equipment, net 126,820 160,860
TOTAL ASSETS 29,475,910 18,825,914
Current liabilities    
Accounts payable 1,024,280 2,588,977
Accrued expenses 4,800,486 5,166,224
Deferred revenue 2,206 11,029
Total current liabilities 5,826,972 7,766,230
Operating lease liabilities, net of current portion 2,678
Convertible note, related party, net 6,125,428
TOTAL LIABILITIES 5,829,650 13,891,658
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY    
Preferred stock - $0.001 par value: 2,000,000 shares authorized; 241,623 and 419,585 shares issued and outstanding at December 31, 2019 and 2018 242 420
Common stock - $0.001 par value: 160,000,000 shares authorized at December 31, 2019; 25,665,350 and 21,775,173 shares issued and outstanding at December 31, 2019 and 2018, respectively 25,665 21,775
Accumulated other comprehensive gain 97,257 96,522
Additional paid-in capital 218,944,268 183,803,637
Accumulated deficit (195,421,172) (178,988,098)
TOTAL STOCKHOLDERS' EQUITY 23,646,260 4,934,256
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 29,475,910 $ 18,825,914