Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 10,008,364 $ 11,527,552
Prepaid expenses and other 1,027,749 841,958
Total current assets 11,036,113 12,369,510
Other assets 725,509 809,985
Total assets 11,761,622 13,179,495
Current liabilities:    
Accounts payable 207,811 327,396
Accrued expenses and other current liabilities 590,380 609,532
Total current liabilities 798,191 936,928
Other long-term liabilities 17,568 27,043
Total liabilities 815,759 963,971
Commitments (Note 11)
Stockholders' equity:    
Preferred stock, 10,000,000 shares authorized 2,774 2,774
Common stock, $0.001 par value; 50,000,000 shares authorized as of March 31, 2021 and December 31, 2020; 8,773,683 and 8,772,198 shares issued as of March 31, 2021 and December 31, 2020, respectively; 8,746,692 and 8,745,207 shares outstanding as of March 31, 2021 and December 31, 2020, respectively 8,772 8,771
Additional paid in capital 194,209,794 194,133,511
Accumulated deficit (178,248,031) (176,902,086)
Accumulated other comprehensive income 253,734 253,734
Treasury stock (5,281,180) (5,281,180)
Total stockholders' equity 10,945,863 12,215,524
Total liabilities and stockholders' equity 11,761,622 13,179,495
Preferred Class B [Member]    
Stockholders' equity:    
Preferred stock, 10,000,000 shares authorized 1,804 1,804
Preferred Class A [Member]    
Stockholders' equity:    
Preferred stock, 10,000,000 shares authorized $ 970 $ 970