Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

v3.22.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue    
Total revenues $ 1,160,692 $ 436,942
Total revenue 1,160,692 436,942
Operating costs and expenses:    
Research and development (3,163,485) (1,731,406)
General and administrative (3,743,972) (3,400,071)
Asset impairment charges (Note 6) 0 (9,243,128)
Total operating costs and expenses (6,907,457) (14,374,605)
Loss from operations (5,746,765) (13,937,663)
Other income (expense):    
Other income (expense) 1,119 (492)
Interest income, net 100,467 126,171
Total other income, net 101,586 125,679
Loss before income taxes (5,645,179) (13,811,984)
Income tax benefit 0 2,918,518
Net loss $ (5,645,179) $ (10,893,466)
Basic and diluted net loss per share $ (0.55) $ (1.70)
Weighted-average shares of common stock outstanding, basic and diluted 10,279,408 6,392,381
Royalty [Member]    
Revenue    
Total revenues $ 1,160,692 $ 436,942
Total revenue $ 1,160,692 $ 436,942