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Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Mar. 31, 2020
Current assets    
Cash and cash equivalents $ 107,516,420 $ 26,700,416
Prepaid clinical costs 987,470 396,962
Prepaid expenses and other current assets 1,152,970 981,949
Total current assets 109,656,860 28,079,327
Property and equipment, net   5,181
Prepaid clinical costs, net of current portion 530,989 1,266,025
Operating lease right-of-use asset 75,471 150,301
Total assets 110,263,320 29,500,834
Current liabilities    
Accounts payable and other current liabilities (including $87,000 and $73,000 of related party accounts payable, respectively) 3,842,390 2,827,302
Severance payable 726,027 380,722
Accrued bonuses 1,040,710 1,800,979
Insurance note payable   518,124
Operating lease liability 34,658 54,661
Total current liabilities 5,643,785 5,581,788
Long-term liabilities    
Severance payable, net of current portion 850,709 1,254,910
Operating lease liability, net of current portion 41,256  
Warrant liability 1,931,921 3,639,000
Total liabilities 8,467,671 10,475,698
Commitments and contingencies (See Note 10)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.0001 par value, 300,000,000 shares authorized, 172,200,644 issued and outstanding at March 31, 2021, and 300,000,000 authorized, 123,312,252 issued and outstanding at March 31, 2020 17,222 12,333
Additional paid in capital 238,572,442 126,828,055
Accumulated deficit (136,794,015) (107,815,252)
Total stockholders’ equity 101,795,649 19,025,136
Total liabilities and stockholders’ equity $ 110,263,320 $ 29,500,834