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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 70,063,242 $ 59,763,773
Incentive and tax receivables 14,613,969 3,444,620
Prepaid expenses and other current assets 2,378,812 3,747,087
Total current assets 87,056,023 66,955,480
Property and equipment, net 362,724 371,963
Right-of-use assets 345,849  
Total assets 87,764,596 67,327,443
Current liabilities:    
Accounts payable 4,740,981 4,461,567
Accrued expenses 7,073,506 5,264,215
Lease liabilities 243,677  
Total current liabilities 12,058,164 9,725,782
Lease liabilities, long-term 109,689  
Total liabilities 12,167,853 9,725,782
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 200,000,000 shares authorized; 23,211,391 shares issued and outstanding at December 31, 2019 and 17,626,873 shares issued and outstanding at December 31, 2018 23,211 17,627
Additional paid-in capital 226,409,156 175,476,075
Accumulated deficit (150,835,624) (117,892,041)
Total stockholders' equity 75,596,743 57,601,661
Total liabilities and stockholders' equity $ 87,764,596 $ 67,327,443