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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 9,351,141 $ 12,581,136
Restricted cash 110,000 110,000
Prepaid expenses 1,337,120 862,344
Research and development tax rebate receivable 734,340 739,656
Other current assets 134,519 26,130
Total current assets 11,667,120 14,319,266
Furniture and equipment, net 29,734 34,350
Intangible assets, net 60,833 68,542
Right-of-use asset 37,397 50,479
Other assets 17,218 17,218
Total Assets 11,812,302 14,489,855
Current liabilities    
Accounts payable 356,252 293,171
Accrued expenses 52,474 77,888
Payroll liabilities 466,383 899,420
Lease liability 29,385 39,371
Other current liabilities 3,458 12,892
Total current liabilities 907,952 1,322,742
Long term liabilities    
Lease liability long term 8,013 11,108
Total Liabilities 915,965 1,333,850
Commitments and contingencies (Note 12)
Stockholders' equity    
Preferred stock - $0.001 par value; 10,000,000 shares authorized; 671 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 1 1
Additional paid-in capital - Series B convertible preferred stock 670,999 670,999
Common stock - $0.18 par value; 175,000,000 shares authorized, and 9,130,984 shares issued and outstanding, as of March 31, 2020 and December 31, 2019, respectively 1,643,565 1,643,565
Additional paid-in capital 105,600,232 104,912,480
Accumulated deficit (97,018,460) (94,071,040)
Total Stockholders' Equity 10,896,337 13,156,005
Total Liabilities and Stockholders' Equity $ 11,812,302 $ 14,489,855