Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.21.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 24,585,560 $ 29,795,366
Prepaid expenses and other current assets 3,688,977 1,677,365
Total current assets 28,274,537 31,472,731
Total assets 28,274,537 31,472,731
Current liabilities:    
Accounts payable 614,659 368,905
Accrued expenses 552,635 784,104
Accrued salaries   378,833
Total current liabilities 1,167,294 1,531,842
Total liabilities 1,167,294 1,531,842
Commitments and contingencies (Note 10)
Stockholders' equity:    
Common stock, $0.0001 par value; 43,000,000 shares authorized, 8,330,390 and 8,305,075 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 833 830
Preferred stock, $0.0001 par value; 2,000,000 shares authorized, no shares issued and outstanding at March 31, 2021 and December 31, 2020
Additional paid-in capital 58,127,548 57,905,164
Accumulated deficit (31,021,138) (27,965,105)
Total stockholders' equity 27,107,243 29,940,889
Total liabilities and stockholders' equity $ 28,274,537 $ 31,472,731