XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 24,907,048 $ 28,371,828
Deferred license costs 800,000 1,600,000
License fee and expense reimbursements receivables 908,231 2,966,039
Prepaid expenses and other current assets 1,409,929 453,478
Total Current Assets 28,025,208 33,391,345
Property and equipment, net 707,419 396,380
Security deposit 119,035 119,035
Total Assets 28,851,662 33,906,760
Current Liabilities:    
Accounts payable 1,815,117 1,461,665
Accrued compensation 570,732 1,150,672
Accrued expenses and other current liabilities 1,189,092 1,480,692
Deferred rent - current portion 6,857 7,809
Deferred license fee 12,000,000 14,000,000
Notes payable - current portion 783,818 97,539
Total Current Liabilities 16,365,616 18,198,377
Deferred rent - non-current portion 38,634 38,684
Notes payable - non-current portion 307,291 365,814
Total Liabilities 16,711,541 18,602,875
Commitments and contingencies (Note 7)
Stockholders' Equity:    
Preferred stock, $0.0001 par value, 6,000,000 shares authorized; 0 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 0 0
Common stock, $0.0001 par value, 90,000,000 shares authorized; 25,623,577 and 24,978,585 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 2,563 2,498
Additional paid-in capital 94,930,144 92,742,306
Accumulated deficit (82,792,586) (77,440,919)
Total Stockholders' Equity 12,140,121 15,303,885
Total Liabilities and Stockholders' Equity $ 28,851,662 $ 33,906,760