Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Cash and cash equivalents consists of the following:

	December 31,
	2019		2018
Cash	$	884,115	$	808,943
Money market fund		30,864,571		40,939,525
Total cash and cash equivalents	$	31,748,686	$	41,748,468

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2019 and 2018:

	Years Ended December 31,
	2019			2018
Basic and diluted net loss per share of common stock:
Net loss	$	(71,453,718	)	$	(55,672,139	)
Weighted average shares of common stock outstanding		63,899,184			56,999,741
Net loss per share of common stock-basic and diluted	$	(1.12	)	$	(0.98	)

Schedule of Potentially Dilutive Securities Excluded from Computation of Dilutive Weighted Average Shares Outstanding

The impact of the following potentially dilutive securities outstanding as of December 31, 2019 and 2018 have been excluded from the computation of dilutive weighted average shares outstanding as the inclusion would be antidilutive.

	December 31,
	2019		2018
Warrants		1,000,000		2,283,500
Stock options		13,245,366		9,593,990
		14,245,366		11,877,490