Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 23,048,245 $ 15,416,224
Due from related party 3,566 154,730
Due from tax agencies 70,274 77,024
Prepaid expenses and other 1,424,138 554,708
Total Current Assets 24,546,223 16,202,686
Property and Equipment, net 484
Other Assets    
Operating lease right-of-use assets, net of accumulated amortization 138,108 158,558
Intangible assets, net of accumulated amortization 8,648,294 8,847,126
Security deposit 5,535 5,535
Total Other Assets 8,791,937 9,011,219
Total Assets 33,338,160 25,214,389
Current Liabilities    
Note payable - Paycheck Protection Program, current portion 144,888 117,574
Current maturities of operating lease liability 97,270 87,200
Accrued interest 1,312 950
Accounts payable 177,021 320,694
Due to licensor 400,000 400,000
Due to related parties 41,258 69,858
Accrued expenses 233,895 224,676
Total Current Liabilities 1,095,644 1,220,952
Non-current Liabilities    
Note payable - Paycheck Protection Program 17,571 44,885
Non-current operating lease liability 47,444 78,463
Non-current due to licensor 400,000 400,000
Net deferred tax liability 441,363 530,611
Total Liabilities 2,002,022 2,274,911
Commitments and Contingencies
Stockholders' Equity    
Common stock, par value $0.0001, 30,000,000 shares authorized: and 14,187,984 issued and outstanding at March 31, 2021 and December 31, 2020, respectively 1,552 1,419
Additional paid-in capital 58,829,865 48,333,857
Accumulated deficit (27,495,279) (25,395,798)
Total Stockholders' Equity 31,336,138 22,939,478
Total Liabilities and Stockholders' Equity $ 33,338,160 $ 25,214,389