Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 85,433,441 $ 31,748,686
Restricted cash 350,000
Stock Subscriptions Receivable 960,033
Prepaid expenses and other current assets 3,712,861 3,724,932
Contract asset 1,618,296 2,681,065
Total current assets 92,074,631 38,154,683
Restricted cash 669,900
Property and equipment, net 4,067,837 5,083,865
Operating lease right of use assets 5,248,525 5,818,983
Other assets 234,038 84,968
Total assets 102,294,931 49,142,499
Current liabilities:    
Notes payable 710,158 752,659
Accounts payable 7,381,183 11,091,363
Accrued expenses 22,005,432 22,447,939
Derivative liability 797,000
Operating lease liabilities, current 1,004,063 595,745
Total current liabilities 31,897,836 34,887,706
Long-term debt, net of debt discount 18,029,005
Operating lease liabilities, noncurrent 7,093,165 8,097,228
Total liabilities 57,020,006 42,984,934
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2020 and 2019
Common stock, $0.0001 par value; 150,000,000 shares authorized, 98,852,696 and 64,672,893 shares issued and outstanding at December 31, 2020 and 2019, respectively 9,885 6,467
Additional paid-in capital 349,358,378 198,975,056
Accumulated deficit (304,093,338) (192,823,958)
Total stockholders’ equity 45,274,925 6,157,565
Total liabilities and stockholders’ equity $ 102,294,931 $ 49,142,499