Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 16,156,339 $ 18,244,030
Prepaid expenses and other 732,368 479,399
Total current assets 16,888,707 18,723,429
Other assets 1,094,802 1,091,931
Total assets 17,983,509 19,815,360
Current liabilities:    
Accounts payable 280,680 362,470
Accrued expenses and other current liabilities 782,588 1,058,633
Total current liabilities 1,063,268 1,421,103
Total liabilities 1,063,268 1,421,103
Commitments and contingencies (Note 9)
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 13,468,287 and 13,466,603 shares issued as of March 31, 2022 and December 31, 2021, respectively; 13,441,296 and 13,439,612 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 13,467 13,465
Additional paid in capital 206,072,322 205,952,729
Accumulated deficit (184,140,876) (182,547,265)
Accumulated other comprehensive income 253,734 253,734
Treasury stock (5,281,180) (5,281,180)
Total stockholders' equity 16,920,241 18,394,257
Total liabilities and stockholders' equity 17,983,509 19,815,360
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred Stock, Value, Issued 1,804 1,804
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred Stock, Value, Issued $ 970 $ 970