Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 89,017,686	$ 130,088,869
Prepaid expenses and other current assets	3,399,019	2,955,878
Total current assets	92,416,705	133,044,747
Property and equipment, net	38,515	41,639
Right of use lease asset	320,616	521,392
Other noncurrent assets	29,383	107
Total assets	92,805,219	133,607,885
Current liabilities:
Accounts payable	4,503,619	2,176,852
Accrued expenses	10,571,237	6,642,553
Lease liability—current	256,309	242,329
Total current liabilities	15,331,165	9,061,734
Lease liability—noncurrent	78,847	302,621
Total liabilities	15,410,012	9,364,355
Commitments and contingencies (Note 10)
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 December 31, 2020 and December 31, 2019, respectively	21,187	21,023
Additional paid-in capital	231,418,356	226,284,548
Accumulated other comprehensive loss	(10,037,261)	(11,533,778)
Accumulated deficit	(144,007,075)	(90,528,263)
Total stockholders’ equity	77,395,207	124,243,530
Total liabilities and stockholders’ equity	$ 92,805,219	$ 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.