Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.21.2
Condensed Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 9,180,407 $ 2,894,575
Investments 5,834,761 18,120,266
Prepaid expenses and other current assets 810,307 413,692
Total current assets 15,825,475 21,428,533
Property and equipment, net 293,485 394,004
Intangible assets, net 19,616 18,075
Other assets 69,620 67,403
Total assets 16,208,196 21,908,015
Current liabilities:    
Accounts payable 1,306,928 727,599
Accrued liabilities 155,612 1,141,741
Accrued payroll and other compensation 512,990 853,335
Note payable, net of debt discount and offering costs of $13,082 and $15,656 as of September 30, 2021 and December 31, 2020, respectively 361,918 349,344
Total current liabilities 2,337,448 3,072,019
Notes payable, net of debt discount and offering costs of $0 and $26,159 as of September 30, 2021 and December 31, 2020, respectively   348,841
Total liabilities 2,337,448 3,420,860
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, Authorized 5,000,000 shares; No shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively
Common stock, $0.001 par value, Authorized 180,000,000 shares; Issued and outstanding 65,027,988 shares as of September 30, 2021 and 61,117,524 as of December 31, 2020 65,028 61,118
Additional paid-in capital 95,747,473 87,684,323
Accumulated deficit (81,941,753) (69,258,286)
Total stockholders’ equity 13,870,748 18,487,155
Total liabilities and stockholders’ equity $ 16,208,196 $ 21,908,015