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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 20,890,253 $ 33,794,672
Receivable due from collaboration agreement 1,812,975 1,628,703
Research and development tax incentive receivable 994,549 966,646
Prepaid assets and other current assets 1,483,953 2,447,930
Total current assets 25,181,730 38,837,951
Operating lease right-of-use asset, net 232,138
Property and equipment, net 2,332,254 1,859,860
Other assets 167,077
Total assets 27,913,199 40,697,811
Current liabilities:    
Accounts payable 3,480,461 1,493,842
Accrued compensation 416,910
Deferred research grant revenue 268,000 50,000
Current portion of operating lease liability 79,050
Total current liabilities 3,827,511 1,960,752
Operating lease liability, net of current portion 146,188
Total liabilities 3,973,699 1,960,752
Commitments and contingencies (see Note 4)
Stockholders’ equity:    
Common stock; $0.001 par value, 45,000,000 shares authorized; 25,373,818 and 25,371,781 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 25,374 25,372
Additional paid-in capital 106,461,934 104,078,968
Accumulated other comprehensive loss (107,121) (48,921)
Accumulated deficit (82,440,687) (65,318,360)
Total stockholders’ equity 23,939,500 38,737,059
Total liabilities and stockholders’ equity $ 27,913,199 $ 40,697,811