v3.24.1.1.u2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 8,920,363 $ 4,706,197
Due from related parties 22,295
Prepaid expenses and other 857,635 926,300
Total Current Assets 9,800,293 5,632,497
Property and Equipment, net 2,415 2,554
Other Assets    
Lease right-of-use assets, net of accumulated amortization 136,489 146,057
Security deposit 5,535 5,535
Total Other Assets 142,024 151,592
Total Assets 9,944,732 5,786,643
Current Liabilities    
Current maturities of lease liabilities 89,680 83,649
Accounts payable 455,368 311,617
Due to licensor 189,000
Due to related parties 39
Accrued expenses 465,618 146,274
Total Current Liabilities 1,010,666 730,579
Non-current Liabilities    
Non-current lease liabilities 50,700 66,905
Total Liabilities 1,061,366 797,484
Commitments and Contingencies
Stockholders’ Equity    
Common stock, par value $0.0001, 100,000,000 shares authorized: 2,860,981 issued and 2,855,981 outstanding at March 31, 2024 and 1,291,000 issued and 1,286,000 outstanding at December 31, 2023 286 129
Additional paid-in capital 87,278,542 80,658,111
Treasury stock at cost — 5,000 shares at March 31, 2024 and December 31, 2023 (300,000) (300,000)
Accumulated deficit (78,095,462) (75,369,081)
Total Stockholders’ Equity 8,883,366 4,989,159
Total Liabilities and Stockholders’ Equity $ 9,944,732 $ 5,786,643

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