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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 77,616,074 $ 89,017,686
Prepaid expenses and other current assets 2,467,443 3,399,019
Total current assets 80,083,517 92,416,705
Property and equipment, net 33,572 38,515
Right of use lease asset 248,200 320,616
Other noncurrent assets 29,376 29,383
Total assets 80,394,665 92,805,219
Current liabilities:    
Accounts payable 3,456,728 4,503,619
Accrued expenses 7,532,473 10,571,237
Lease liability—current 225,537 256,309
Total current liabilities 11,214,738 15,331,165
Lease liability—noncurrent 33,763 78,847
Total liabilities 11,248,501 15,410,012
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.001 par value, 400,000,000 shares authorized, 21,186,827 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively. 21,187 21,187
Additional paid-in capital 233,240,918 231,418,356
Accumulated other comprehensive loss (10,440,111) (10,037,261)
Accumulated deficit (153,675,830) (144,007,075)
Total stockholders’ equity 69,146,164 77,395,207
Total liabilities and stockholders’ equity $ 80,394,665 $ 92,805,219