Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 31,748,686 $ 41,748,468
Prepaid expenses and other current assets 3,724,932 2,491,844
Contract asset 2,681,065
Total current assets 38,154,683 44,240,312
Property and equipment, net 5,083,865 2,705,206
Operating lease right of use assets 5,818,983
Other assets 84,968 43,823
Total assets 49,142,499 46,989,341
Current liabilities:    
Notes payable 752,659 394,305
Accounts payable 11,091,363 6,345,335
Accrued expenses 22,447,939 9,851,191
Deferred revenue, current 1,462,503
Operating lease liabilities, current 595,745
Deferred rent, current 35,996
Total current liabilities 34,887,706 18,089,330
Operating lease liabilities, noncurrent 8,097,228
Deferred rent, noncurrent 1,375,891
Total liabilities 42,984,934 19,465,221
Commitments and Contingencies
Stockholders' equity    
Preferred Stock $0.0001 par value:10,000,000 shares authorized, no shares issued and outstanding at December 31, 2019 and 2018
Common stock, $0.0001 par value; 150,000,000 shares authorized at December 31, 2019 and 2018, 64,672,893 and 57,247,496 shares issued and outstanding at December 31, 2019 and 2018, respectively 6,467 5,725
Additional paid-in capital 198,975,056 148,888,635
Accumulated deficit (192,823,958) (121,370,240)
Total stockholders' equity 6,157,565 27,524,120
Total liabilities and stockholders' equity $ 49,142,499 $ 46,989,341