v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 9,281,554 $ 11,527,552
Prepaid expenses and other 917,826 841,958
Total current assets 10,199,380 12,369,510
Other assets 715,898 809,985
Total assets 10,915,278 13,179,495
Current liabilities:    
Accounts payable 305,088 327,396
Accrued expenses and other current liabilities 653,126 609,532
Total current liabilities 958,214 936,928
Other long-term liabilities 7,957 27,043
Total liabilities 966,171 963,971
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 8,773,683 and 8,772,198 shares issued as of June 30, 2021 and December 31, 2020, respectively; 8,746,692 and 8,745,207 shares outstanding as of June 30, 2021 and December 31, 2020, respectively 8,772 8,771
Additional paid in capital 194,319,716 194,133,511
Accumulated deficit (179,354,709) (176,902,086)
Accumulated other comprehensive income 253,734 253,734
Treasury stock (5,281,180) (5,281,180)
Total stockholders' equity 9,949,107 12,215,524
Total liabilities and stockholders' equity 10,915,278 13,179,495
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

Source

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Total revenue $ 287,603 $ 112,927 $ 478,819 $ 169,676
Operating costs and expenses:        
Research and development (524,550) (307,900) (1,154,279) (667,551)
General and administrative (890,704) (787,486) (1,821,282) (1,715,366)
Total operating costs and expenses (1,415,254) (1,095,386) (2,975,561) (2,382,917)
Loss from operations (1,127,651) (982,459) (2,496,742) (2,213,241)
Other income:        
Other income 238 192 1,122 58
Interest income, net 20,735 28,625 42,997 80,112
Total other income 20,973 28,817 44,119 80,170
Net loss $ (1,106,678) $ (953,642) $ (2,452,623) $ (2,133,071)
Basic and diluted net loss per share $ (0.13) $ (0.15) $ (0.28) $ (0.34)
Weighted-average shares of common stock outstanding, basic and diluted 8,746,692 6,288,351 8,746,479 6,260,841
Royalty [Member]        
Revenue:        
Total revenue $ 287,603 $ 112,927 $ 478,819 $ 169,676

Source

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,452,623) $ (2,133,071)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 0 757
Amortization of right of use asset 17,160 13,765
Gain on settlement with vendor (143,639)
Share-based expense 186,206 277,332
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 1,059 167,586
Accounts payable, accrued expenses and other liabilities 2,200 (484,190)
Net cash used in operating activities (2,245,998) (2,301,460)
Net change in cash (2,245,998) (2,301,460)
Cash at beginning of period 11,527,552 10,367,920
Cash at end of period 9,281,554 8,066,460
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 0 0
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock from cashless exercise of purchase warrants $ 1 $ 229

Source