XML 21 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,823,544 $ 2,386,314
Short-term investment securities 29,399,146 38,816,441
Interest receivable 329,711 294,240
Accounts receivable 558,530 318,744
Income tax receivable 250,308 506,866
Prepaid research and development 0 253,446
Prepaid expenses and other current assets 277,999 172,001
Total current assets 35,639,238 42,748,052
Non-current assets:    
Long-term investment securities 1,511,636 0
Long-term income tax receivable 250,308 500,616
Other assets 51,314 52,139
Total assets 37,452,496 43,300,807
Current liabilities:    
Accounts payable 943,378 309,060
Accrued expenses 566,003 399,576
Deferred research and development obligations 78,644 141,002
Total current liabilities 1,588,025 849,638
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock 0 0
Common stock 39,613 38,967
Additional paid-in capital 96,105,851 94,385,230
Treasury stock (18,929,915) (18,929,915)
Accumulated deficit (41,351,078) (33,043,113)
Total stockholders’ equity 35,864,471 42,451,169
Total liabilities and stockholders’ equity $ 37,452,496 $ 43,300,807