Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenue from awards and licenses $ 647,824 $ 1,762,059
Operating expenses:    
Research and development 10,720,823 23,947,866
General and administrative 5,341,197 7,699,479
Total operating expenses 16,062,020 31,647,345
Operating loss (15,414,196) (29,885,286)
Other income (expense), net:    
Other income (expense), net (15,094)
Interest income (expense), net (646,550) 101,993
Change in fair value of derivative liability (6,000)
Foreign currency exchange gain (loss), net 16,672 126,493
Other income (expense), net (650,972) 228,486
Net loss $ (16,065,168) $ (29,656,800)
Net loss per share, basic and diluted [1] $ (0.14) $ (0.43)
Weighted average number of common shares outstanding, basic and diluted [1] 116,344,900 69,272,402
Comprehensive loss:    
Net loss $ (16,065,168) $ (29,656,800)
Other comprehensive loss:    
Unrealized loss on marketable debt securities (28,765)
Total other comprehensive loss (28,765)
Total comprehensive loss $ (16,093,933) $ (29,656,800)
[1] Warrants and options that have not been exercised have been excluded from the diluted calculation as all periods presented have a net loss and the impact of these securities would be anti-dilutive