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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating activities:        
Net and comprehensive loss $ (4,647,930) $ 11,537,478 $ (18,824,371) $ (1,878,046)
Adjustments to reconcile net and comprehensive loss to net cash (used in) provided by operating activities:        
Depreciation     53,692 35,312
Stock-based compensation 645,899 806,411 1,872,245 2,763,890
Changes in operating assets and liabilities:        
Prepaid research and development contracts     216,092 (24,052)
Other current assets     (260,811) (572,870)
Accounts payable and other current liabilities     (2,044,301) 52,521
Net cash (used in) provided by operating activities     (18,987,454) 376,755
Investing activities:        
Purchase of furniture and equipment     (236,953) (29,380)
Net cash used in investing activities     (236,953) (29,380)
Financing activities:        
Proceeds from exercise of stock options       76,756
Proceeds from issuance of common stock       51,621,570
Cash paid in connection with the sale of common stock   (409,054)   (3,502,543)
Net cash provided by financing activities       48,195,783
Net (decrease) increase in cash and cash equivalents     (19,224,407) 48,543,158
Cash and cash equivalents at beginning of year     62,614,010 20,264,109
Cash and cash equivalents, nine months ended $ 43,389,603 $ 68,807,267 $ 43,389,603 $ 68,807,267