Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 37,118,654 $ 85,433,441
Marketable securities 69,744,151
Restricted cash 192,475 350,000
Stock subscriptions receivable 960,033
Prepaid expenses and other current assets 2,111,858 3,712,861
Contract asset 2,500,000 1,618,296
Total current assets 111,667,138 92,074,631
Restricted cash 477,425 669,900
Property and equipment, net 2,652,828 4,067,837
Operating lease right of use assets 4,776,571 5,248,525
Other assets 234,038
Total assets 119,573,962 102,294,931
Current liabilities:    
Notes payable 710,158
Accounts payable 2,545,919 7,381,183
Accrued expenses 13,368,133 22,005,432
Derivative liability 126,857 797,000
Operating lease liabilities, current 1,102,727 1,004,063
Total current liabilities 17,143,636 31,897,836
Long-term debt, net of debt discount 18,550,502 18,029,005
Operating lease liabilities, noncurrent 6,251,038 7,093,165
Total liabilities 41,945,176 57,020,006
Stockholders' equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding at September 30, 2021 and December 31, 2020
Common stock, $0.0001 par value; 300,000,000 shares authorized, 125,230,881 shares issued and outstanding at September 30, 2021 and 150,000,000 shares authorized, and 98,852,696 shares issued and outstanding at December 31, 2020 12,523 9,885
Additional paid-in capital 417,098,261 349,358,378
Accumulated deficit (339,473,031) (304,093,338)
Accumulated other comprehensive loss (8,967)
Total stockholders’ equity 77,628,786 45,274,925
Total liabilities and stockholders’ equity $ 119,573,962 $ 102,294,931