Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 24,184,140 $ 8,320,317
Marketable securities   22,131,936
Prepaid expenses and other current assets 6,575,375 988,799
Total current assets 30,759,515 31,441,052
Property and equipment, net 1,099,948 1,076,099
Operating lease right-of-use assets 3,043,826  
Other assets 105,420 355,420
Total assets 35,008,709 32,872,571
Current liabilities:    
Accounts payable 2,622,272 1,427,287
Accrued liabilities 6,803,789 4,369,732
Current portion of lease liabilities 631,889  
Total current liabilities 10,057,950 5,797,019
Deferred rent   679,182
Warrant liabilities 6,068,978 20,781,663
Long-term portion of lease liabilities 3,264,128  
Other liabilities 72,747 72,747
Total liabilities 19,463,803 27,330,611
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized and none outstanding at December 31, 2019 and 2018
Common stock, $0.0001 par value, 200,000,000 shares authorized, 15,332,042 shares issued and outstanding at December 31, 2019; 200,000,000 shares authorized, 7,940,931 shares issued and outstanding at December 31, 2018 1,533 7,941
Additional paid-in capital 227,657,758 204,884,211
Accumulated other comprehensive loss   (30,300)
Accumulated deficit (212,114,385) (199,319,892)
Total stockholders' equity 15,544,906 5,541,960
Total liabilities and stockholders' equity $ 35,008,709 $ 32,872,571