Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 35,703,975 $ 57,165,377
Prepaid expenses and other current assets 867,485 774,432
Total current assets 36,571,460 57,939,809
Fixed assets, net 344,491 355,982
Right-of-use asset, net   282,365
Long-term assets 75,000 75,000
Other assets 6,214 6,214
TOTAL ASSETS 37,201,809 58,659,370
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 3,854,914 3,443,197
Lease liability 135,449 119,904
Total current liabilities 3,990,363 3,563,101
Lease liability, net of current portion 166,292 301,740
TOTAL LIABILITIES 4,156,655 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; 61,101,263 and 45,442,729 shares issued and outstanding as of December 31, 2021 and 2020, respectively 611 454
Additional paid-in capital 182,560,309 161,533,653
Accumulated deficit   (126,775,427)
Total stockholders' equity 33,045,154 54,794,529
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 37,201,809 58,659,370
Series C Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value   1,148,204
Series D Preferred stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value $ 1,382,023 $ 18,887,645