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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 16,934,495 $ 12,161,739
Prepaid expenses and other 2,506,646 2,308,462
Total current assets 19,441,141 14,470,201
Property and equipment, net 13,247 21,051
Right-to-use asset 638,831 0
Total assets 20,093,219 14,491,252
Current liabilities:    
Accounts payable 1,092,527 1,197,720
Accrued expenses 1,194,358 1,097,640
Restructuring reserve [1] 126,862 498,185
Operating lease liability - short term 112,657 0
Total current liabilities 2,526,404 2,793,545
Noncurrent liability:    
Operating lease liability - long term 552,326 0
STOCKHOLDERS' EQUITY    
Common stock, $0.00033 par value, 75,000,000 shares authorized at June 30, 2020 and December 31, 2019, 15,361,619 shares and 5,281,237 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 5,064 1,742
Additional paid-in capital 52,861,882 40,633,670
Accumulated deficit (35,852,457) (28,937,705)
Total stockholders' equity 17,014,489 11,697,707
Total liabilities and stockholders' equity $ 20,093,219 $ 14,491,252
[1] Restructuring reserve relates to the severance costs incurred by Edge prior to the Merger and assumed by the Company as part of the purchase accounting, but not yet paid. The severance costs continue through September 2020. For the six months ended June 30, 2020, the Company paid $371,323 of restructuring expense which was previously recorded on Edge's financials.