v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 43,362,868 $ 51,524,295
Marketable securities 18,786,629 19,201,152
Prepaid expenses and other current assets 3,513,485 1,990,953
Total current assets 65,662,982 72,716,400
Property and equipment, net 40,050 30,245
Operating lease right-of-use assets 117,699 185,943
Restricted cash 541,180 1,000,000
Other assets 17,889 17,889
TOTAL ASSETS 66,379,800 73,950,477
CURRENT LIABILITIES    
Accounts payable and accrued expenses 5,173,588 2,174,109
Operating lease liabilities, current 130,705 152,058
Total current liabilities 5,304,293 2,326,167
Operating lease liabilities, net of current portion 52,890
TOTAL LIABILITIES 5,304,293 2,379,057
COMMITMENTS AND CONTINGENCIES (NOTE 4)
STOCKHOLDERS’ EQUITY    
Preferred Stock – Par Value (1,000,000 authorized at June 30, 2022 and December 31, 2021; $.0001 par value) (Zero shares issued and outstanding at June 30, 2022 and December 31, 2021)
Common Stock – Par Value (25,000,000 authorized at June 30, 2022 and December 31, 2021; $.0001 par value) (10,830,947 shares issued and outstanding at June 30, 2022; 11,088,835 shares issued and outstanding at December 31, 2021) 1,083 1,109
Additional paid-in capital 95,059,989 96,685,924
Accumulated deficit (33,637,084) (25,022,924)
Accumulated other comprehensive loss (348,481) (92,689)
Total stockholders’ equity 61,075,507 71,571,420
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 66,379,800 $ 73,950,477

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