v3.22.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 2,427,902 $ 7,854,690
Prepaid Expenses 1,399,190 606,520
Tax Receivables 552,951 529,560
Total Current Assets 4,380,043 8,990,770
Non-Current Assets:    
Property and Equipment, Net 63,232 73,999
Restricted Cash 49,307 45,000
Intangible Assets and In-Process R&D, Net 10,755,664 10,768,164
Operating Lease Assets 175,250 209,411
Other Assets 39,367 42,964
Total Assets 15,462,863 20,130,308
Current Liabilities:    
Accounts Payable 785,766 160,621
Accrued Expenses 1,631,400 1,330,141
Operating Lease Liabilities 137,672 118,846
Contingent Consideration 301,808  
Total Current Liabilities 2,856,646 1,609,608
Non-Current Liabilities:    
Contingent Consideration, Non-Current 3,013,980 3,048,955
Deferred Tax Liability 802,131 802,131
Operating Lease Liabilities, Non-Current 28,138 90,566
Total Non-Current Liabilities 3,844,249 3,941,652
Total Liabilities 6,700,895 5,551,260
Commitments and Contingencies (Note 9)
Stockholders' Equity:    
Preferred Stock, $0.01 Par Value: 10,000,000 shares authorized; 3,750 designated Series A, 0 shares issued and outstanding at June 30, 2022 and December 31, 2021; 10,000 designated Series B, 0 shares issued and outstanding at June 30, 2022 and December 31, 2021; 10,000 shares designated Series C, 0 shares issued and outstanding at June 30, 2022 and December 31, 2021; 20,000 shares designated Series D, 7 shares issued and outstanding at June 30, 2022 and December 31, 2021
Common Stock, $0.01 Par Value: 50,000,000 shares authorized and 13,067,426 and 12,663,965 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 130,675 126,640
Additional Paid-In Capital 135,701,328 135,418,188
Accumulated Deficit (126,845,174) (120,879,349)
Accumulated Other Comprehensive Loss (224,861) (86,431)
Total Stockholders' Equity 8,761,968 14,579,048
Total Liabilities and Stockholders' Equity $ 15,462,863 $ 20,130,308

Source