XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating expenses:        
Research and development expenses $ 1,414,225 $ 1,886,934 $ 3,385,904 $ 2,916,937
General and administrative expenses 1,521,736 2,383,972 3,581,884 6,289,848
Total operating expenses 2,935,961 4,270,906 6,967,788 9,206,785
Loss from operations (2,935,961) (4,270,906) (6,967,788) (9,206,785)
Other income (expense):        
Gain on bargain purchase upon merger 0 209,449 0 11,939,331
Interest income 6,617 175,605 53,036 198,907
Interest expense 0 0 0 (606)
Net (loss) income (2,929,344) (3,885,852) (6,914,752) 2,930,847
Comprehensive (loss) income $ (2,929,344) $ (3,885,852) $ (6,914,752) $ 2,930,847
Per share information:        
Net (loss) income per share, basic (in dollars per share) $ (0.19) $ (0.75) $ (0.54) $ 0.66
Net (loss) income per share, diluted (in dollars per share) $ (0.19) $ (0.75) $ (0.54) $ 0.52
Weighted average common shares outstanding, basic (in shares) 15,357,199 5,175,837 12,835,980 4,466,025
Weighted average common shares outstanding, diluted (in shares) 15,357,199 5,175,837 12,835,980 5,677,360