Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 57,165,377 $ 10,614,722
Prepaid expenses and other current assets 774,432 770,951
Total current assets 57,939,809 11,385,673
Fixed assets, net 355,982 435,083
Right-of-use asset, net 282,365 348,841
Long-term assets 75,000 75,000
Other assets 6,214 6,214
TOTAL ASSETS 58,659,370 12,250,811
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 3,443,197 2,663,873
Lease liability 119,904 105,885
Total current liabilities 3,563,101 2,769,758
LONG-TERM LIABILITIES:    
Lease liability 301,740 421,644
Total long-term liabilities 301,740 421,644
TOTAL LIABILITIES 3,864,841 3,191,402
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS' EQUITY:    
Common stock, $0.00001 par value; 80,000,000 shares authorized; 45,442,729 and 9,386,689 shares issued and outstanding at December 31, 2020 and 2019, respectively 454 94
Additional paid-in capital 161,533,653 119,592,366
Accumulated deficit (126,775,427) (111,681,255)
Total stockholders' equity 54,794,529 9,059,409
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 58,659,370 12,250,811
Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value 1,148,204 $ 1,148,204
Series D Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value $ 18,887,645