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Condensed Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 27,176,843 $ 28,371,828
Deferred license costs   1,600,000
License fee and expense reimbursements receivables 899,332 2,966,039
Prepaid expenses and other current assets 1,418,834 453,478
Total Current Assets 29,495,009 33,391,345
Property and equipment, net 968,881 396,380
Security deposit 119,035 119,035
Total Assets 30,582,925 33,906,760
Current Liabilities:    
Accounts payable 1,667,634 1,461,665
Accrued compensation 870,666 1,150,672
Accrued expenses and other current liabilities 1,054,923 1,480,692
Deferred rent - current portion 6,857 7,809
Deferred license fee 10,000,000 14,000,000
Notes payable - current portion 959,763 97,539
Total Current Liabilities 14,559,843 18,198,377
Deferred rent - non-current portion 37,632 38,684
Notes payable - non-current portion 6,994,893 365,814
Total Liabilities 21,592,368 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 June 30, 2021 and December 31, 2020, respectively 0 0
Common stock, $0.0001 par value, 90,000,000 shares authorized; 25,946,646 and 24,978,585 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 2,595 2,498
Additional paid-in capital 96,621,948 92,742,306
Accumulated deficit (87,633,986) (77,440,919)
Total Stockholders' Equity 8,990,557 15,303,885
Total Liabilities and Stockholders' Equity $ 30,582,925 $ 33,906,760