Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 101,146,633	$ 130,088,869
Prepaid expenses and other current assets	1,257,077	2,955,878
Total current assets	102,403,710	133,044,747
Property and equipment, net	40,696	41,639
Right of use lease asset	360,610	521,392
Other noncurrent assets	29,372	107
Total assets	102,834,388	133,607,885
Current liabilities:
Accounts payable	4,349,977	2,176,852
Accrued expenses	9,084,389	6,642,553
Lease liability—current	244,310	242,329
Total current liabilities	13,678,676	9,061,734
Lease liability—noncurrent	132,773	302,621
Total liabilities	13,811,449	9,364,355
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, $0.001 par value, 400,000,000 shares authorized, 21,186,827 and 21,022,752 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	21,187	21,023
Additional paid-in capital	229,986,911	226,284,548
Accumulated other comprehensive loss	(12,370,630)	(11,533,778)
Accumulated deficit	(128,614,529)	(90,528,263)
Total stockholders’ equity	89,022,939	124,243,530
Total liabilities and stockholders’ equity	$ 102,834,388	$ 133,607,885

The carrying values as of the balance sheet date of obligations incurred through that date and payable for 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. Also includes obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

No definition available.