Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 51,624,781	$ 90,254,890
Prepaid expenses and other current assets	2,223,417	533,804
Total current assets	53,848,198	90,788,694
Property and equipment, net	288,107	368,842
Prepaid research and development expenses	807,800	1,560,607
Deposits	52,320	52,320
Operating lease right-of-use asset	965,022	1,576,185
Total assets	55,961,447	94,346,648
Current liabilities:
Accounts payable	852,125	2,107,615
Accrued expenses	5,811,635	8,715,368
Lease liabilities	1,084,491	1,001,407
Total current liabilities	7,748,251	11,824,390
Lease liabilities, net of current portion	95,613	918,607
Total liabilities	7,843,864	12,742,997
Stockholders' equity:
Preferred stock; $0.001 par value; 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2022 and December 31, 2021
Common stock; $0.001 par value; 100,000,000 shares authorized; 52,423,944 shares issued and outstanding at September 30, 2022; 52,313,894 shares issued and outstanding at December 31, 2021	52,424	52,314
Additional paid-in capital	457,406,596	454,448,327
Accumulated deficit	(409,341,437)	(372,896,990)
Total stockholders' equity	48,117,583	81,603,651
Total liabilities and stockholders' equity	$ 55,961,447	$ 94,346,648

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).