Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 11,106,927 $ 1,185,677
Prepaid Expenses and Other Current Assets 341,629 449,569
Other Receivables 421,463 90,975
Total Current Assets 11,870,019 1,726,221
Property and Equipment, Net 78,833 30,566
Restricted Cash 45,000 45,000
Goodwill 3,484,607 3,484,607
Intangible Assets and In-Process R&D, Net 9,711,414 9,730,164
Operating Lease Assets with Right-of-Use 259,217 83,928
Other Assets 44,249 57,073
Total Assets 25,493,339 15,157,559
Current Liabilities:    
Accounts Payable 424,889 434,763
Accrued Expenses 1,389,311 1,289,261
Operating Lease Liabilities 144,742 48,303
Total Current Liabilities 1,958,942 1,772,327
Non-Current Liabilities:    
Contingent Consideration 5,342,950 5,342,950
Deferred Tax Liability 728,926 728,926
Paycheck Protection Program Loan   278,190
Non-Current Operating Lease Liabilities 114,475 35,625
Total Non-Current Liabilities 6,186,351 6,385,691
Total Liabilities 8,145,293 8,158,018
Commitments and Contingencies (Note 10)
Stockholders' Equity:    
Preferred Stock, $0.01 Par Value: 10,000,000 shares authorized; 3,750 designated Series A, 0 shares issued and outstanding at September 30, 2021 and December 31, 2020; 10,000 designated Series B, 0 shares issued and outstanding at September 30, 2021 and December 31, 2020; 10,000 shares designated Series C, 0 and 4,092 shares issued and outstanding at September 30, 2021 and December 31, 2020; 20,000 shares designated Series D, 46 shares issued and outstanding at September 30, 2021 and December 31, 2020   41
Common Stock, $0.01 Par Value: 50,000,000 shares authorized; 12,619,256 and 5,556,394 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 126,193 55,564
Additional Paid-In Capital 133,637,500 115,283,572
Accumulated Deficit (116,355,777) (108,338,834)
Accumulated Other Comprehensive Loss (59,870) (802)
Total Stockholders' Equity 17,348,046 6,999,541
Total Liabilities and Stockholders' Equity $ 25,493,339 $ 15,157,559