Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 30,634,122 $ 35,703,975
Prepaid expenses and other current assets 760,420 867,485
Total current assets 31,394,542 36,571,460
Fixed assets, net 331,144 344,491
Right-of-use asset, net 183,286 204,644
Long-term and other assets 81,214 81,214
TOTAL ASSETS 31,990,186 37,201,809
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 4,511,716 3,854,914
Lease liability 139,594 135,449
Total current liabilities 4,651,310 3,990,363
Long-term lease liability, net of current portion 129,714 166,292
TOTAL LIABILITIES 4,781,024 4,156,655
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:    
Common stock, $0.00001 par value; 160,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 61,101,251 and 61,101,263 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 611 611
Additional paid-in capital 182,864,114 182,560,309
Accumulated deficit   (150,897,789)
Total stockholders' equity 27,209,162 33,045,154
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 31,990,186 37,201,809
Series D Preferred stock    
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.00001 par value; 7,000 shares authorized; Series D preferred stock: 111 issued and outstanding as of March 31, 2022 and December 31, 2021 $ 1,382,023 $ 1,382,023