Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 81,870,651 $ 31,748,686
Restricted cash 350,000
Prepaid expenses and other current assets 2,177,383 3,724,932
Contract asset 960,091 2,681,065
Total current assets 85,358,125 38,154,683
Restricted cash 669,900
Property and equipment, net 4,402,022 5,083,865
Operating lease right of use assets 5,396,248 5,818,983
Other assets 13,041 84,968
Total assets 95,839,336 49,142,499
Current liabilities:    
Notes payable 752,659
Accounts payable 11,080,717 11,091,363
Accrued expenses 28,593,049 22,447,939
Derivative liability 757,000
Operating lease liabilities, current 972,464 595,745
Total current liabilities 41,403,230 34,887,706
Long-term debt, net of debt discount 17,856,589
Operating lease liabilities, noncurrent 7,353,765 8,097,228
Total liabilities 66,613,584 42,984,934
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding at September 30, 2020 and December 31, 2019
Common stock, $0.0001 par value; 150,000,000 shares authorized, 82,207,405 and 64,672,893 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 8,220 6,467
Additional paid-in capital 324,698,962 198,975,056
Accumulated deficit (295,481,430) (192,823,958)
Total stockholders’ equity 29,225,752 6,157,565
Total liabilities and stockholders’ equity $ 95,839,336 $ 49,142,499