v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 19,093,188 $ 15,416,224
Due from related party 154,730
Due from tax agencies 70,274 77,024
Prepaid expenses and other 1,506,603 554,708
Total Current Assets 20,670,065 16,202,686
Property and Equipment, net 484
Other Assets    
Operating lease right-of-use assets, net of accumulated amortization 95,934 158,558
Intangible assets, net of accumulated amortization 8,253,761 8,847,126
Security deposit 5,535 5,535
Total Other Assets 8,355,230 9,011,219
Total Assets 29,025,295 25,214,389
Current Liabilities    
Note payable – Paycheck Protection Program, current portion 117,574
Current maturities of operating lease liability 92,769 87,200
Accrued interest 950
Accounts payable 354,977 320,694
Due to licensor 400,000 400,000
Due to related parties 69,858
Accrued expenses 378,660 224,676
Total Current Liabilities 1,226,406 1,220,952
Non-current Liabilities    
Note payable – Paycheck Protection Program 44,885
Non-current operating lease liability 8,773 78,463
Non-current due to licensor 400,000 400,000
Net deferred tax liability 181,752 530,611
Total Liabilities 1,816,931 2,274,911
Commitments and Contingencies
Stockholders’ Equity    
Common stock, par value $0.0001, 30,000,000 shares authorized: 15,599,062 and 14,187,984 issued and outstanding at September 30, 2021 and December 31, 2020, respectively 1,560 1,419
Additional paid-in capital 60,846,342 48,333,857
Accumulated deficit (33,639,538) (25,395,798)
Total Stockholders’ Equity 27,208,364 22,939,478
Total Liabilities and Stockholders’ Equity $ 29,025,295 $ 25,214,389

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