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Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 13,824,258 $ 36,278,519
Short-term investments 120,263,581 80,164,823
Lease payments receivable – short term 76,208 73,091
Prepaid expenses 240,534 423,863
Total current assets 134,404,581 116,940,296
Fixed assets, net of accumulated depreciation 2,935 5,010
Other assets 25,000 25,000
Lease payments receivable – long term 126,935 165,834
Total assets 134,559,451 117,136,140
Current liabilities:    
Accounts payable 965,169 522,663
Accrued expenses 1,360,933 824,936
Notes payable   110,247
Total current liabilities 2,326,102 1,457,846
Stockholders’ Equity:    
Preferred stock
Common stock, $0.001 par value, 50,000,000 shares authorized, 15,851,853 and 14,457,013 shares issued and outstanding, respectively 15,852 14,457
Additional paid-in capital 273,868,163 235,522,746
Accumulated deficit (141,650,666) (119,858,909)
Total stockholders’ equity 132,233,349 115,678,294
Total liabilities and stockholders’ equity 134,559,451 117,136,140
Class A Convertible Preferred Stock    
Stockholders’ Equity:    
Preferred stock