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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 7,462,736 $ 12,581,136
Restricted cash 110,000 110,000
Prepaid expenses 1,464,366 862,344
Research and development tax rebate receivable 760,622 739,656
Other current assets 263,957 26,130
Total current assets 10,061,681 14,319,266
Furniture and equipment, net 29,440 34,350
Intangible assets, net 53,125 68,542
Right-of-use asset 44,235 50,479
Other assets 17,218 17,218
Total Assets 10,205,699 14,489,855
Current liabilities    
Accounts payable 1,032,707 293,171
Accrued expenses 92,855 77,888
Payroll liabilities 655,408 899,420
Lease liability 39,515 39,371
Other current liabilities 6,188 12,892
Total current liabilities 1,826,673 1,322,742
Long term liabilities    
Lease liability long term 4,720 11,108
Total Liabilities 1,831,393 1,333,850
Commitments and contingencies (Note 12)
Stockholders' equity    
Preferred stock - $0.001 par value; 10,000,000 shares authorized; 626 and 671 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 1 1
Additional paid-in capital - Series B convertible preferred stock 625,999 670,999
Common stock - $0.18 par value; 175,000,000 shares authorized; 9,303,878 and 9,130,984 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 1,674,686 1,643,565
Additional paid-in capital 106,998,222 104,912,480
Accumulated deficit (100,924,602) (94,071,040)
Total Stockholders' Equity 8,374,306 13,156,005
Total Liabilities and Stockholders' Equity $ 10,205,699 $ 14,489,855