Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS    
Collaboration Revenue $ 12,059 $ 2,686,000
Operating Expenses:    
Research and Development 3,566,045 5,389,357
General and Administrative 4,658,769 4,405,684
Total Operating Expenses 8,224,814 9,795,041
Other Income, Net:    
Gain on Disposal of Foreign Entity 113,717 0
Interest Income 23,339 108,066
Interest Expense (4,186) (325)
Total Other Income, Net 132,870 107,741
Loss Before Income Tax Expense (8,079,885) (7,001,300)
Income Tax Expense (12,055) (95,396)
Net Loss $ (8,091,940) $ (7,096,696)
Net Loss per Common Share - Basic and Diluted $ (1.77) $ (2.23)
Weighted Average Shares Outstanding - Basic and Diluted 4,576,058 3,181,019
Net Loss $ (8,091,940) $ (7,096,696)
Other Comprehensive Loss:    
Dissolution of Foreign Entity (113,717) 0
Foreign Currency Translation Adjustments (26,550) 5,134
Comprehensive Loss $ (8,232,207) $ (7,091,562)