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, 2019
Dec. 31, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS    
Collaboration Revenue $ 2,686,000 $ 1,652,520
Operating Expenses:    
Research and Development (5,389,357) (8,055,763)
General and Administrative (4,405,684) (4,441,458)
Total Operating Expenses (9,795,041) (12,497,221)
Other Income, Net:    
Interest Income 108,066 120,363
Interest Expense (325) (1,040)
Total Other Income, Net 107,741 119,323
Loss Before Income Tax Expense (7,001,300) (10,725,378)
Income Tax Expense (95,396) (86,045)
Net Loss $ (7,096,696) $ (10,811,423)
Net Loss per Common Share- Basic and Diluted $ (2.23) $ (4.57)
Weighted Average Shares Outstanding- Basic and Diluted 3,181,019 2,365,583
Net Loss $ (7,096,696) $ (10,811,423)
Other Comprehensive Loss:    
Foreign Currency Translation Adjustments 5,134 6,858
Comprehensive Loss $ (7,091,562) $ (10,804,565)