Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 11,527,552 $ 10,367,920
Prepaid expenses and other 841,958 722,079
Total current assets 12,369,510 11,089,999
Property and equipment, net 0 757
Goodwill and indefinite-lived intangible assets 0 9,243,128
Other assets 809,985 1,213,042
Total assets 13,179,495 21,546,926
Current liabilities:    
Accounts payable 327,396 931,128
Accrued expenses and other current liabilities 609,532 484,029
Total current liabilities 936,928 1,415,157
Deferred tax liability and other long-term liabilities 27,043 2,918,518
Total liabilities 963,971 4,333,675
Commitments and contingent liabilities (Note 14)
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 and 12,500,000 shares authorized as of December 31, 2020 and December 31, 2019; 8,772,198 and 6,092,432 shares issued as of December 31, 2020 and December 31, 2019, respectively; 8,745,207 and 6,065,441 shares outstanding as of December 31, 2020 and December 31, 2019, respectively 8,771 6,092
Additional paid in capital 194,133,511 188,240,451
Accumulated deficit (176,902,086) (166,008,620)
Accumulated other comprehensive income 253,734 253,734
Treasury stock (5,281,180) (5,281,180)
Total stockholders' equity 12,215,524 17,213,251
Total liabilities and stockholders' equity 13,179,495 21,546,926
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, 10,000,000 shares authorized; Series B, $0.001 par value: 1,804,394 shares issued and outstanding as of December 31, 2020 and December 31, 2019; Series A, $0.001 par value: 970,000 shares issued and outstanding as of December 31, 2020 and December 31, 2019 1,804 1,804
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, 10,000,000 shares authorized; Series B, $0.001 par value: 1,804,394 shares issued and outstanding as of December 31, 2020 and December 31, 2019; Series A, $0.001 par value: 970,000 shares issued and outstanding as of December 31, 2020 and December 31, 2019 $ 970 $ 970