Annual report pursuant to Section 13 and 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
SCHEDULE OF CASH AND CASH EQUIVALENTS

Cash and cash equivalents consists of the following :

 

    2020     2019  
    December 31,  
    2020     2019  
Cash   $ 1,825,784     $ 884,115  
Money market fund     83,607,657       30,864,571  
Total cash and cash equivalents   $ 85,433,441     $ 31,748,686  
                 
Restricted cash, current     350,000       —  
Restricted cash, noncurrent     669,900       —  
Total restricted cash     1,019,900       —  
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows   $ 86,453,341     $ 31,748,686  
SCHEDULE OF COMPUTATION OF NET LOSS PER COMMON SHARE

 

    Years Ended December 31,  
    2020     2019  
Basic and diluted net loss per share of common stock:                
Net loss   $ (111,269,380 )   $ (71,453,718 )
Weighted average shares of common stock outstanding     78,133,289       63,899,184  
Net loss per share of common stock-basic and diluted   $ (1.42 )   $ (1.12 )
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF NET LOSS PER COMMON SHARE

The impact of the following potentially dilutive securities outstanding as of December 31, 2020 and 2019 have been excluded from the computation of dilutive weighted average shares outstanding as the inclusion would be antidilutive.

 

    December 31,  
    2020     2019  
Warrants     1,506,206       1,000,000  
Stock options     14,289,643       13,245,366  
      15,795,849       14,245,366