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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 13,147,090 $ 33,794,672
Receivable due from collaboration agreement 1,812,975 1,628,703
Research and development tax incentive receivable 949,168 966,646
Prepaid assets and other current assets 1,069,761 2,447,930
Total current assets 16,978,994 38,837,951
Operating lease right-of-use asset, net 214,264
Property and equipment, net 3,026,466 1,859,860
Other assets 7,688
Total assets 20,227,412 40,697,811
Current liabilities:    
Accounts payable 1,634,024 1,493,842
Accrued compensation 416,910
Deferred research grant revenue 362,710 50,000
Current portion of operating lease liability 79,838
Total current liabilities 2,076,572 1,960,752
Operating lease liability, net of current portion 128,314
Total liabilities 2,204,886 1,960,752
Commitments and contingencies (see Note 4)
Stockholders’ equity:    
Common stock; $0.001 par value, 45,000,000 shares authorized; 25,518,084 and 25,371,781 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 25,518 25,372
Additional paid-in capital 107,922,543 104,078,968
Accumulated other comprehensive loss (210,347) (48,921)
Accumulated deficit (89,715,188) (65,318,360)
Total stockholders’ equity 18,022,526 38,737,059
Total liabilities and stockholders’ equity $ 20,227,412 $ 40,697,811