Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 53,626,722 $ 57,165,377
Prepaid expenses and other current assets 774,886 774,432
Total current assets 54,401,608 57,939,809
Fixed assets, net 317,915 355,982
Right-of-use asset, net 264,042 282,365
Long-term assets 75,000 75,000
Other assets 6,214 6,214
TOTAL ASSETS 55,064,779 58,659,370
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 4,895,981 3,443,197
Lease liability 123,643 119,904
Total current liabilities 5,019,624 3,563,101
Long-term lease liability 269,308 301,740
TOTAL LIABILITIES 5,288,932 3,864,841
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:    
Common stock, $0.00001 par value; 160,000,000 and 80,000,000 shares authorized as of March 31, 2021 and December 31, 2020; 52,726,278 and 45,442,729 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 527 454
Additional paid-in capital 171,160,720 161,533,653
Accumulated deficit (133,132,597) (126,775,427)
Total stockholders' equity 49,775,847 54,794,529
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 55,064,779 58,659,370
Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value   1,148,204
Series D Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value $ 11,747,197 $ 18,887,645