Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Cash, and cash equivalents consists of the following:

	March 31, 2020		December 31, 2019
Cash	$	1,581,194	$	884,115
Money market fund		45,036,727		30,864,571
Total cash and cash equivalents	$	46,617,921	$	31,748,686

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 three months ended March 31, 2020 and 2019.

	Three Months Ended March 31
	2020			2019
Basic and diluted net loss per share of common stock:
Net loss	$	(29,656,800	)	$	(26,234,809	)
Weighted average shares of common stock outstanding		69,272,402			61,675,904
Net loss per share of common stock-basic and diluted	$	(0.43	)	$	(0.43	)

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

The impact of the following potentially dilutive securities outstanding during the three months ended March 31, 2020 and 2019 have been excluded from the computation of dilutive weighted average shares outstanding as the inclusion would be anti-dilutive.

	March 31,
	2020		2019
Warrants		1,000,000		1,200,000
Stock options		16,313,506		11,891,741
Total		17,313,506		13,091,741