Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 2,891,464 $ 4,706,197
Prepaid expenses and other 1,946,675 926,300
Total Current Assets 4,838,139 5,632,497
Property and Equipment, net 5,317 2,554
Other Assets    
Lease right-of-use assets, net of accumulated amortization 93,161 146,057
Security deposit 5,535 5,535
Total Other Assets 98,696 151,592
Total Assets 4,942,152 5,786,643
Current Liabilities    
Current maturities of lease liabilities 94,676 83,649
Accounts payable 711,710 311,617
Due to licensor 189,000
Due to related parties 39
Accrued expenses 412,813 146,274
Total Current Liabilities 1,219,199 730,579
Non-current Liabilities    
Non-current lease liabilities 2,168 66,905
Total Liabilities 1,221,367 797,484
Commitments and Contingencies
Stockholders’ Equity    
Common stock, par value $0.0001, 100,000,000 shares authorized: 3,271,944 issued and 3,266,944 outstanding at September 30, 2024; and 1,291,000 issued and 1,286,000 outstanding at December 31, 2023 327 129
Additional paid-in capital 88,510,949 80,658,111
Treasury stock at cost — 5,000 shares at September 30, 2024 and December 31, 2023 (300,000) (300,000)
Accumulated deficit (84,490,491) (75,369,081)
Total Stockholders’ Equity 3,720,785 4,989,159
Total Liabilities and Stockholders’ Equity $ 4,942,152 $ 5,786,643