XML 16 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 91,348,967 $ 40,726,838
Prepaid expenses 6,102,801 1,907,461
Total current assets 97,451,768 42,634,299
Property and equipment, net 152,772 108,440
Right-of-use assets 303,689 556,492
In-process research and development 3,190,000 3,190,000
Goodwill 1,870,924 1,870,924
Other assets 583,326 285,098
Total assets 103,552,479 48,645,253
Current liabilities:    
Accounts payable 2,445,837 3,722,429
Accrued expenses 2,505,625 659,572
Operating lease liabilities, current 266,650 279,826
Short-term portion of contingent consideration 2,988,284 0
Total current liabilities 8,206,396 4,661,827
Contingent consideration 1,891,716 2,570,000
Long-term debt 0 176,585
Deferred tax liability 409,022 409,022
Operating lease liabilities, non-current 50,342 295,755
Derivative financial instruments, at estimated fair value—warrants 0 11,673
Total liabilities 10,557,476 8,124,862
Commitments and contingencies
Stockholders’ equity:    
Common stock—$0.0001 par value per share; 120,000,000 shares authorized, 76,225,254 and 32,025,153 shares issued and outstanding at December 31, 2021 and 2020, respectively. 7,623 3,203
Additional paid-in capital 224,787,547 142,910,523
Accumulated deficit (133,501,295) (104,105,463)
Stockholders' Equity Attributable to Parent, Total 92,995,003 40,520,391
Total liabilities and stockholders’ equity 103,552,479 48,645,253
Series A    
Stockholders’ equity:    
Convertible preferred stock 855,808 855,808
Series C    
Stockholders’ equity:    
Convertible preferred stock $ 845,320 $ 856,320