XML 46 R52.htm IDEA: XBRL DOCUMENT v3.20.1
Income Taxes - Components of Deferred Tax Asset (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Deferred tax assets      
Net federal operating loss carryforwards $ 32,299,085 $ 18,911,435  
Net foreign operating loss carryforwards 59,557 40,927  
Net state operating loss carryforwards 20,000,317 11,842,460  
Non-cash compensation 3,485,519 1,625,560  
Research and development credits 10,366,683 7,651,781  
Deferred finance costs   38,578  
Interest Expense 985,431 400,946  
Charitable Contribution 5,408 5,408  
Fixed assets 11,401 8,595  
Accrued expenses 1,200,754 732,958  
Deferred tax asset, excluding valuation allowance 68,414,155 41,258,648  
Deferred finance costs (121,875)    
Deferred tax liability, excluding valuation allowance (121,875)    
Less valuation allowance (68,292,280) (41,258,648)  
Increase in valuation allowance $ 27,000,000 $ 12,500,000 $ 6,700,000