Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 6,610,492 $ 1,185,677
Prepaid Expenses and Other Current Assets 233,490 449,569
Other Receivables 147,104 90,975
Total Current Assets 6,991,086 1,726,221
Property and Equipment, Net 84,264 30,566
Restricted Cash 45,000 45,000
Goodwill 3,484,607 3,484,607
Intangible Assets and In-Process R&D, Net 9,723,914 9,730,164
Operating Lease Assets with Right-of-Use 242,730 83,928
Other Assets 49,001 57,073
Total Assets 20,620,602 15,157,559
Current Liabilities:    
Accounts Payable 457,347 434,763
Accrued Expenses 885,459 1,289,261
Operating Lease Liabilities 82,792 48,303
Total Current Liabilities 1,425,598 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 278,190 278,190
Non-Current Operating Lease Liabilities 159,938 35,625
Total Non-Current Liabilities 6,510,004 6,385,691
Total Liabilities 7,935,602 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 March 31, 2021 and December 31, 2020; 10,000 designated Series B, 0 shares issued and outstanding at March 31, 2021 and December 31, 2020; 10,000 shares designated Series C, 4,092 shares issued and outstanding at March 31, 2021 and December 31, 2020; 20,000 shares designated Series D, 46 shares issued and outstanding at March 31, 2021 and December 31, 2020 41 41
Common Stock, $0.01 Par Value: 50,000,000 shares authorized; 7,097,912 and 5,556,394 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 70,979 55,564
Additional Paid-In Capital 123,523,964 115,283,572
Accumulated Deficit (110,919,655) (108,338,834)
Accumulated Other Comprehensive Income 9,671 (802)
Total Stockholders' Equity 12,685,000 6,999,541
Total Liabilities and Stockholders' Equity $ 20,620,602 $ 15,157,559