Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 14,927,440 $ 18,244,030
Prepaid expenses and other 448,733 479,399
Total current assets 15,376,173 18,723,429
Other assets 1,091,931 1,091,931
Total assets 16,468,104 19,815,360
Current liabilities:    
Accounts payable 472,699 362,470
Accrued expenses and other current liabilities 806,484 1,058,633
Total current liabilities 1,279,183 1,421,103
Total liabilities 1,279,183 1,421,103
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized as of June 30, 2022 and December 31, 2021; 14,343,587 and 13,466,603 shares issued as of June 30, 2022 and December 31, 2021, respectively; 14,316,596 and 13,439,612 shares outstanding as of June 30, 2022 and December 31, 2021, respectively 14,342 13,465
Additional paid in capital 207,012,317 205,952,729
Accumulated deficit (186,813,066) (182,547,265)
Accumulated other comprehensive income 253,734 253,734
Treasury stock (5,281,180) (5,281,180)
Total stockholders' equity 15,188,921 18,394,257
Total liabilities and stockholders' equity 16,468,104 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