Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]                    
Sublicense revenue $ 442,000 $ 314,000 $ 334,000 $ 0 $ 0 $ 0 $ 0 $ 0 $ 1,089,500 $ 0
Total revenues 442,000 314,000 334,000 0 0 0 0 0 1,089,500 0
Operating expenses:                    
Research and development 4,891,000 3,496,000 2,358,000 1,731,000 1,840,000 3,015,000 4,205,000 4,314,000 12,476,400 13,374,200
General and administrative 1,770,000 2,117,000 1,270,000 1,391,000 1,423,000 2,948,000 1,146,000 1,910,000 6,546,900 7,427,300
Total operating expenses 6,661,000 5,613,000 3,628,000 3,122,000 3,263,000 5,963,000 5,351,000 6,224,000 19,023,300 20,801,500
Loss from operations (6,219,000) (5,299,000) (3,294,000) (3,122,000) (3,263,000) (5,963,000) (5,351,000) (6,224,000) (17,933,800) (20,801,500)
Other expenses, net:                    
Interest income, net 8,000 1,000 (4,000) (3,000) (3,000) 2,000 15,000 16,000 1,600 30,100
Other income 0 0 0 1,000 600 0
Loss before income taxes (6,211,000) (5,298,000) (3,298,000) (3,124,000) (3,266,000) (5,961,000) (5,336,000) (6,208,000) (17,931,600) (20,771,400)
Income taxes 0 0 0 (3,000) (1,000) 0 0 (2,000) (2,600) (2,600)
Net loss and comprehensive loss (6,211,000) (5,298,000) (3,298,000) (3,127,000) (3,267,000) (5,961,000) (5,336,000) (6,210,000) (17,934,200) (20,774,000)
Accrued dividends on Series B Preferred stock (349,000) (354,000) (347,000) (336,000) (326,000) (322,000) (314,000) (302,000) (1,385,600) (1,263,600)
Beneficial conversion feature on Series D preferred stock (23,000,000) 0 0 0 (23,000,000) 0
Net loss attributable to common stockholders $ (29,560,000) $ (5,652,000) $ (3,645,000) $ (3,463,000) $ (3,593,000) $ (6,283,000) $ (5,650,000) $ (6,512,000) $ (42,319,800) $ (22,037,600)
Basic and diluted net loss attributable to common stockholders per common share $ (0.20) $ (0.07) $ (0.05) $ (0.07) $ (0.08) $ (0.15) $ (0.13) $ (0.15) $ (0.49) $ (0.50)
Weighted average shares used in computing basic and diluted net loss attributable to common stockholders per common share 145,966,502 81,086,105 67,082,935 51,321,355 47,094,781 43,158,889 42,622,965 42,622,965 86,133,644 43,869,523