XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 13,055,558 $ 20,637,045
Short-term investment securities 14,177,441 8,457,452
Interest receivable 157,201 112,247
Accounts receivable 384,963 294,199
Prepaid expenses and other current assets 216,189 280,555
Total current assets 27,991,352 29,781,498
Non-current assets:    
Investment in Alphazyme 284,709 284,709
Other assets 6,151 6,225
Total assets 28,282,212 30,072,432
Current liabilities:    
Accounts payable 1,473,813 1,013,099
Accrued expenses 277,668 489,756
Deferred research and development obligations 842,248 123,016
Total current liabilities 2,593,729 1,625,871
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, $.0001 par value: Authorized shares - 5,000,000; none issued and outstanding 0 0
Common stock, $.001 par value: Authorized shares - 100,000,000; issued shares - 39,807,659 and 39,747,659, outstanding shares - 27,554,157 and 27,494,157 as of March 31, 2021 and December 31, 2020, respectively 39,808 39,748
Additional paid-in capital 98,549,890 98,013,079
Treasury stock, shares held at cost - 12,253,502 (18,929,915) (18,929,915)
Accumulated deficit (53,971,300) (50,676,351)
Total stockholders’ equity 25,688,483 28,446,561
Total liabilities and stockholders’ equity $ 28,282,212 $ 30,072,432