v3.24.1
Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
us-gaap_AssetsCurrentAbstract    
Cash and cash equivalents $ 8,474,835 $ 16,345,623
Accounts receivable, net 70,000 65,936
Inventory 81,450 0
Prepayments and other current assets 482,890 491,365
Total current assets 9,109,175 16,902,924
Property and equipment, net 359,225 200,103
Intangible assets, net 2,580,066 2,036,431
Right of use asset 186,570 248,720
Other assets 13,034 11,189
Total assets 12,248,070 19,399,367
us-gaap_LiabilitiesCurrentAbstract    
Accounts payable 405,098 130,503
Accrued expenses 455,112 254,218
Current portion of lease liability 70,683 64,597
Total current liabilities 930,893 449,318
Long-term lease liability 132,304 202,987
Other long-term liabilities 1,125,173 838,458
Total liabilities 2,188,370 $ 1,490,763
Commitments and Contingencies  
Stockholders’ equity:    
Preferred Stock, Par or Stated Value Per Share (in dollars per share) $ 0.001 $ 0.001
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2023 and 2022 $ 0 $ 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 5,998,018 shares issued and 5,996,697 shares outstanding at December 31, 2023 and 5,926,001 shares issued and 5,924,680 shares outstanding at December 31, 2022 5,998 5,926
Additional paid-in capital 107,116,362 105,011,318
Treasury stock, at cost; 1,321 shares at December 31, 2023 and 2022, respectively 13,210 13,210
Accumulated deficit (97,049,450) (87,095,430)
Total stockholders’ equity 10,059,700 17,908,604
Total liabilities and stockholders’ equity $ 12,248,070 $ 19,399,367

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