Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
|
| Operating expenses: | ||||
| Research and development | $ 444,817 | $ 3,073,344 | $ 3,043,802 | $ 4,271,659 |
| Acquired in-process research and development | 32,266,893 | 0 | 32,266,893 | 0 |
| General and administrative | 5,659,721 | 3,049,711 | 7,329,528 | 6,164,206 |
| Warrant inducement expense | 6,467,048 | 0 | 7,157,887 | 0 |
| Total operating expenses | 44,838,479 | 6,123,055 | 49,798,110 | 10,435,865 |
| Loss from operations | (44,838,479) | (6,123,055) | (49,798,110) | (10,435,865) |
| Other income (expense): | ||||
| Interest income | 8,550 | 72,641 | 21,365 | 99,097 |
| Interest expense | (1,019,307) | (431,626) | (1,592,292) | (858,871) |
| Loss on extinguishment of convertible note payable | 0 | 0 | 0 | (1,049,166) |
| Change in fair value of derivative liability and extinguishment of derivative liability | 193,000 | 181,000 | 531,000 | 652,000 |
| Change in fair value of warrant liabilities | 1,058,700 | 1,812,800 | 2,637,500 | 2,669,800 |
| Total other income (expense), net | 240,943 | 1,634,815 | 1,597,573 | 1,512,860 |
| Loss before income taxes | (44,597,536) | (4,488,240) | (48,200,537) | (8,923,005) |
| Benefit from income taxes | 0 | 0 | 0 | 0 |
| Net loss | $ (44,597,536) | $ (4,488,240) | $ (48,200,537) | $ (8,923,005) |
| Net loss per common share, basic and diluted (in usd per share) | $ (0.57) | $ (0.13) | $ (0.81) | $ (0.29) |
| Weighted-average common shares, basic and diluted (in shares) | 78,584,900 | 33,973,788 | 59,873,598 | 30,631,601 |