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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 32,515,833 $ 21,412,623
Marketable securities   24,441,520
Restricted cash 100,000 100,000
Prepaid expenses and other current assets 2,374,294 1,182,483
Total current assets 34,990,127 47,136,626
Equipment, net 2,911 16,011
Other noncurrent assets 14,808 14,808
Operating lease right-of-use assets 143,465 261,952
In-process research and development 15,200,000 15,200,000
Goodwill 14,869,399 14,869,399
Total assets 65,220,710 77,498,796
Current liabilities    
Accounts payable 701,585 2,317,004
Accrued expenses and other current liabilities 4,535,910 4,139,163
Operating leases 156,956 172,901
Total current liabilities 5,394,451 6,629,068
Deferred taxes 1,803,356 1,803,356
Deferred revenue   41,175,600
Noncurrent operating leases   111,229
Total liabilities 7,197,807 49,719,253
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock; $0.0001 par value; 100,000,000 shares authorized; none issued or outstanding as of September 30, 2020 and December 31, 2019, respectively
Common stock; $0.0001 par value; 125,000,000 shares authorized; 42,674,491 and 39,084,121 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 4,267 3,908
Additional paid-in capital 335,489,256 314,511,853
Accumulated deficit (277,470,620) (286,736,218)
Total stockholders’ equity 58,022,903 27,779,543
Total liabilities and stockholders’ equity $ 65,220,710 $ 77,498,796