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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 14,018,826 $ 20,637,045
Short-term investment securities 11,581,911 8,457,452
Interest receivable 163,313 112,247
Accounts receivable 291,435 294,199
Prepaid expenses and other current assets 100,888 280,555
Total current assets 26,156,373 29,781,498
Non-current assets:    
Equity investment 284,709 284,709
Other assets 6,172 6,225
Total assets 26,447,254 30,072,432
Current liabilities:    
Accounts payable 2,434,934 1,013,099
Accrued expenses 594,803 489,756
Deferred research and development obligations 258,748 123,016
Total current liabilities 3,288,485 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 - 40,332,659 and 39,747,659, outstanding shares - 28,079,157 and 27,494,157 as of June 30, 2021, and December 31, 2020, respectively 40,333 39,748
Additional paid-in capital 99,865,825 98,013,079
Treasury stock, shares held at cost - 12,253,502 (18,929,915) (18,929,915)
Accumulated deficit (57,817,474) (50,676,351)
Total stockholders’ equity 23,158,769 28,446,561
Total liabilities and stockholders’ equity $ 26,447,254 $ 30,072,432