Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 12,226,487 $ 36,278,519
Short-term investments 102,690,508 80,164,823
Other receivable 7,529
Lease payments receivable – short term 74,633 73,091
Prepaid expenses 246,007 423,863
Total current assets 115,245,164 116,940,296
Fixed assets, net of accumulated depreciation 3,964 5,010
Other assets 25,000 25,000
Lease payments receivable – long term 146,588 165,834
Total assets 115,420,716 117,136,140
Current liabilities:    
Accounts payable 1,102,815 522,663
Accrued expenses 1,158,368 824,936
Notes payable 110,247
Total current liabilities 2,261,183 1,457,846
Stockholders' Equity:    
Preferred stock
Common stock, $0.001 par value, 50,000,000 shares authorized, 14,940,668 and 14,457,013 shares issued and outstanding, respectively 14,941 14,457
Additional paid-in capital 243,676,817 235,522,746
Accumulated deficit (130,532,225) (119,858,909)
Total stockholders' equity 113,159,533 115,678,294
Total liabilities and stockholders' equity 115,420,716 117,136,140
Class A convertible preferred stock    
Stockholders' Equity:    
Preferred stock