Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited) - Balance sheet (Details)

v3.22.2
Quarterly Financial Information (Unaudited) - Balance sheet (Details) - USD ($)
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS            
Total Current Assets $ 8,990,770       $ 1,726,221  
Property and Equipment, Net 73,999       30,566  
Restricted cash 45,000       45,000  
Goodwill 0       3,631,212  
Intangible Assets and In-Process R&D, Net 10,768,164       9,730,164  
Operating Lease Assets with Right-of-Use 209,411       83,928  
Other Assets 42,964       57,073  
Total Assets 20,130,308       15,304,164  
LIABILITIES AND STOCKHOLDERS' EQUITY            
Total current liabilities 1,609,608       1,984,608  
Contingent Consideration 3,048,955       2,547,074  
Deferred Tax Liability 802,131       728,926  
Paycheck Protection Program Loan         278,190  
Non-Current Operating Lease Liabilities 90,566       35,625  
Total Liabilities 5,551,260       5,574,423  
Stockholders' Equity:            
Preferred Stock, $0.01 par value         41  
Common Stock, $0.01 par value 126,640       55,564  
Additional paid-in-capital 135,418,188       116,783,602  
Accumulated Deficit (120,879,349)       (107,108,664)  
Accumulated Other Comprehensive Income (86,431)       (802)  
Total Stockholders' Equity 14,579,048       9,729,741 $ 6,622,455
Total Liabilities and Stockholders' Equity $ 20,130,308       $ 15,304,164  
Preferred Stock, Par or Stated Value Per Share $ 0.01       $ 0.01  
Common Stock, Par or Stated Value Per Share $ 0.01       $ 0.01  
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member]            
CONSOLIDATED BALANCE SHEETS            
Total Current Assets $ 8,990,770 $ 11,870,019 $ 4,415,173 $ 6,991,086    
Property and Equipment, Net 73,999 78,833 83,682 84,264    
Restricted cash 45,000 45,000 45,000 45,000    
Goodwill   3,631,212 3,631,212 3,631,212    
Intangible Assets and In-Process R&D, Net 10,768,164 9,711,414 9,717,664 9,723,914    
Operating Lease Assets with Right-of-Use 209,411 259,217 308,013 242,730    
Other Assets 42,964 44,249 45,921 49,001    
Total Assets 20,130,308 25,639,944 18,246,665 20,767,207    
LIABILITIES AND STOCKHOLDERS' EQUITY            
Total current liabilities 1,609,608 2,171,223 1,648,721 1,637,879    
Contingent Consideration 3,048,955 2,118,594 2,050,588 1,976,871    
Deferred Tax Liability 802,131 728,926 728,926 728,926    
Paycheck Protection Program Loan       278,190    
Non-Current Operating Lease Liabilities 90,566 114,475 137,957 159,938    
Total Liabilities 5,551,260 5,133,218 4,566,192 4,781,804    
Stockholders' Equity:            
Preferred Stock, $0.01 par value     41 41    
Common Stock, $0.01 par value 126,640 126,193 70,979 70,979    
Additional paid-in-capital 135,418,188 135,137,530 125,286,886 125,023,994    
Accumulated Deficit (120,879,349) (114,697,127) (111,662,297) (109,119,282)    
Accumulated Other Comprehensive Income (86,431) (59,870) (15,136) 9,671    
Total Stockholders' Equity 14,579,048 20,506,726 13,680,473 15,985,403 $ 9,729,741  
Total Liabilities and Stockholders' Equity $ 20,130,308 $ 25,639,944 $ 18,246,665 $ 20,767,207    
Preferred Stock, Par or Stated Value Per Share $ 0.01 $ 0.01 $ 0.01 $ 0.01 $ 0.01  
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01 $ 0.01 $ 0.01 $ 0.01  
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member] | As reported            
CONSOLIDATED BALANCE SHEETS            
Total Current Assets $ 8,990,770 $ 11,870,019 $ 4,415,173 $ 6,991,086 $ 1,726,221  
Property and Equipment, Net 73,999 78,833 83,682 84,264 30,566  
Restricted cash 45,000 45,000 45,000 45,000 45,000  
Goodwill   3,484,607 3,484,607 3,484,607 3,484,607  
Intangible Assets and In-Process R&D, Net 8,695,850 9,711,414 9,717,664 9,723,914 9,730,164  
Operating Lease Assets with Right-of-Use 209,411 259,217 308,013 242,730 83,928  
Other Assets 42,964 44,249 45,921 49,001 57,073  
Total Assets 18,057,994 25,493,339 18,100,060 20,620,602 15,157,559  
LIABILITIES AND STOCKHOLDERS' EQUITY            
Total current liabilities 1,609,608 1,958,942 1,436,440 1,425,598 1,772,327  
Contingent Consideration 6,518,770 5,342,950 5,342,950 5,342,950 5,342,950  
Deferred Tax Liability 614,436 728,926 728,926 728,926 728,926  
Paycheck Protection Program Loan       278,190 278,190  
Non-Current Operating Lease Liabilities 90,566 114,475 137,957 159,938 35,625  
Total Liabilities 8,833,380 8,145,293 7,646,273 7,935,602 8,158,018  
Stockholders' Equity:            
Preferred Stock, $0.01 par value     41 41 41  
Common Stock, $0.01 par value 126,640 126,193 70,979 70,979 55,564  
Additional paid-in-capital 133,918,158 133,637,500 123,786,856 123,523,964 115,283,572  
Accumulated Deficit (124,733,753) (116,355,777) (113,388,953) (110,919,655) (108,338,834)  
Accumulated Other Comprehensive Income (86,431) (59,870) (15,136) 9,671 (802)  
Total Stockholders' Equity 9,224,614 17,348,046 10,453,787 12,685,000 6,999,541  
Total Liabilities and Stockholders' Equity 18,057,994 25,493,339 18,100,060 20,620,602 $ 15,157,559  
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member] | 2021 Restatement Adjustment            
CONSOLIDATED BALANCE SHEETS            
Goodwill (146,605)          
Intangible Assets and In-Process R&D, Net 2,072,314          
Total Assets 1,925,709          
LIABILITIES AND STOCKHOLDERS' EQUITY            
Contingent Consideration (886,220) (428,480) (496,486) (570,203)    
Deferred Tax Liability 187,695          
Total Liabilities (698,525) (428,480) (496,486) (570,203)    
Stockholders' Equity:            
Accumulated Deficit 2,624,234 428,480 496,486 570,203    
Total Stockholders' Equity 2,624,234 428,480 496,486 570,203    
Total Liabilities and Stockholders' Equity $ 1,925,709          
Correction in Accounting For Acquisitions And Subsequent Intangible Asset Impairment [Member] | 2020 restatements            
CONSOLIDATED BALANCE SHEETS            
Goodwill   146,605 146,605 146,605    
Total Assets   146,605 146,605 146,605    
LIABILITIES AND STOCKHOLDERS' EQUITY            
Total current liabilities   212,281 212,281 212,281    
Contingent Consideration   (2,795,876) (2,795,876) (2,795,876)    
Total Liabilities   (2,583,595) (2,583,595) (2,583,595)    
Stockholders' Equity:            
Additional paid-in-capital   1,500,030 1,500,030 1,500,030    
Accumulated Deficit   1,230,170 1,230,170 1,230,170    
Total Stockholders' Equity   2,730,200 2,730,200 2,730,200    
Total Liabilities and Stockholders' Equity   $ 146,605 $ 146,605 $ 146,605