Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 11,449,294 $ 2,495,397
Short-term investments 76,637,802 114,595,525
Lease payments receivable – short term 84,592 79,457
Prepaid expenses 2,715,478 903,190
Total current assets 90,887,166 118,073,569
Fixed assets, net of accumulated depreciation 1,258
Other assets 25,000 25,000
Lease payments receivable – long term 22,275 86,377
Total assets 90,934,441 118,186,204
Current liabilities:    
Accounts payable 12,708,546 8,346,475
Accrued expenses 5,538,804 4,256,983
Total current liabilities 18,247,350 12,603,458
Preferred stock, $0.001 par value, 200,000,000 shares authorized, none issued and outstanding
Class A convertible preferred stock, $0.001 par value, 3,500,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 50,000,000 shares authorized, 17,501,554 and 16,332,939 shares issued and outstanding, respectively 17,502 16,333
Additional paid-in capital 343,358,208 284,881,716
Accumulated deficit (270,688,619) (179,315,303)
Total stockholders’ equity 72,687,091 105,582,746
Total liabilities and stockholders’ equity $ 90,934,441 $ 118,186,204