Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 1)

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INCOME TAXES (Details 1) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
INCOME TAXES    
Federal and state net operating loss carryforwards $ 59,114,928 $ 42,496,374
Federal and state research credits 921,577 630,516
Interest expense limitations carryforwards 2,911,508 0
Transaction costs 1,080,041 1,174,733
Deferred revenue 563,956 603,535
Accrued expenses and other 2,397,513 2,433,142
Total gross deferred tax assets 66,989,523 47,338,300
Less: valuation allowance for deferred tax assets (66,989,523) (47,338,300)
Net deferred tax assets $ 0 $ 0