Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 12,097,225 $ 12,563,853
Investments 249,077
Prepaid expenses and other current assets 762,858 361,311
Total current assets 13,109,160 12,925,164
Property and equipment, net 448,086 523,677
Intangible assets, net 18,614 19,154
Other assets 67,403 64,242
Total assets 13,643,263 13,532,237
Current liabilities:    
Accounts payable 752,349 444,776
Accrued liabilities 988,838 916,692
Accrued payroll and other compensation 626,306 677,755
Current portion of note payable, net of debt discount and offering costs of $362,951 and $0 as of June 30, 2020 and December 31, 2019, respectively 3,539,549
Total current liabilities 5,907,042 2,039,223
Notes payable, net of current portion and net of debt discount and offering costs of $0 and $546,312 as of June 30, 2020 and December 31, 2019, respectively 3,356,188
Total liabilities 5,907,042 5,395,411
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value, Authorized 5,000,000 shares; No shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively
Common stock, $0.001 par value, Authorized 180,000,000 shares as of June 30, 2020 and 75,000,000 as of December 31, 2019 Issued and outstanding 45,645,326 shares as of June 30, 2020 and 43,069,418 as of December 31, 2019 45,645 43,069
Additional paid-in capital 69,003,993 61,087,082
Accumulated deficit (61,313,417) (52,993,325)
Total stockholders' equity 7,736,221 8,136,826
Total liabilities and stockholders' equity $ 13,643,263 $ 13,532,237