Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 7,544,728	$ 36,278,519
Short-term investments	115,593,750	80,164,823
Lease payments receivable – short term	77,815	73,091
Prepaid expenses	2,249,199	423,863
Total current assets	125,465,492	116,940,296
Fixed assets, net of accumulated depreciation	2,081	5,010
Other assets	25,000	25,000
Lease payments receivable – long term	106,868	165,834
Total assets	125,599,441	117,136,140
Current liabilities:
Accounts payable	728,633	522,663
Accrued expenses	2,660,824	824,936
Note payable		110,247
Total current liabilities	3,389,457	1,457,846
Stockholders’ Equity:
Preferred stock value
Common stock, $0.001 par value, 50,000,000 shares authorized, 16,189,258 and 14,457,013 shares issued and outstanding, respectively	16,189	14,457
Additional paid-in capital	280,746,968	235,522,746
Accumulated deficit	(158,553,173)	(119,858,909)
Total stockholders’ equity	122,209,984	115,678,294
Total liabilities and stockholders’ equity	125,599,441	117,136,140
Class A Convertible Preferred Stock
Stockholders’ Equity:
Preferred stock value

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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- 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).