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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 33,468,935 $ 12,161,739
Prepaid expenses and other 373,395 2,308,462
Total current assets 33,842,330 14,470,201
Property and equipment, net 9,345 21,051
Operating lease right-to-use asset 593,580 0
Total assets 34,445,255 14,491,252
Current liabilities:    
Accounts payable 1,559,591 1,197,720
Accrued expenses 1,222,773 1,097,640
Restructuring reserve [1] 0 498,185
Operating lease obligation - short term 116,240 0
Total current liabilities 2,898,604 2,793,545
Noncurrent liability:    
Operating lease obligation - long term 521,692 0
STOCKHOLDERS' EQUITY    
Common stock, $0.00033 par value, 75,000,000 shares authorized at September 30, 2020 and December 31, 2019, 22,261,619 shares and 5,281,237 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 7,346 1,742
Additional paid-in capital 70,775,892 40,633,670
Accumulated deficit (39,758,279) (28,937,705)
Total stockholders' equity 31,024,959 11,697,707
Total liabilities and stockholders' equity $ 34,445,255 $ 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 nine months ended September 30, 2020, the Company paid $498,185 in restructuring costs which was previously accrued.