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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 12,581,136 $ 10,380,493
Restricted cash 110,000 110,000
Prepaid expenses 862,344 509,833
Research and development tax rebate receivable 739,656 518,098
Other current assets 26,130 30,942
Total current assets 14,319,266 11,549,366
Furniture and equipment, net 34,350 54,487
Intangible assets, net 68,542 99,375
Right-of-use asset 50,479
Other assets 17,218 17,218
Total Assets 14,489,855 11,720,446
Current liabilities    
Accounts payable 293,171 353,328
Accrued expenses 77,888 177,074
Payroll liabilities 899,420 935,070
Stock-based compensation liability 1,410,025
Lease liability 39,371
Other current liabilities 12,892 39,939
Total current liabilities 1,322,742 2,915,436
Long term liabilities    
Lease liability long term 11,108
Total Liabilities 1,333,850 2,915,436
Commitments and contingencies (note 13)
Stockholders' equity    
Preferred stock - $0.001 par value; 10,000,000 shares authorized; 671 and 2,379 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 1 2
Additional paid-in capital - Series B convertible preferred stock 670,999 2,378,997
Common stock - $0.18 par value; 175,000,000 shares authorized, and 9,130,984 and 5,846,552 shares issued and outstanding, as of December 31, 2019 and December 31, 2018, respectively 1,643,565 1,052,372
Additional paid-in capital 104,912,480 82,204,902
Accumulated deficit (94,071,040) (76,831,263)
Total Stockholders' Equity 13,156,005 8,805,010
Total Liabilities and Stockholders' Equity $ 14,489,855 $ 11,720,446