v3.22.1
Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 21,725,410 $ 23,170,149
Accounts receivable, net 262,137 233,262
Prepayments and other current assets 120,906 43,900
Total current assets 22,108,453 23,447,311
Property and equipment, net 59,811 56,158
Intangible assets, net 2,035,423 2,055,650
Right of use asset 292,887 307,172
Other assets 11,189 11,189
Total assets 24,507,763 25,877,480
Current liabilities:    
Accounts payable 380,033 130,500
Accrued expenses 315,785 353,507
Current portion of lease liability 60,265 58,864
Total current liabilities 756,083 542,871
Long-term lease liability 252,092 267,584
Other long-term liabilities 922,439 917,100
Total liabilities 1,930,614 1,727,555
Commitments and contingencies (Note 5)
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 5,905,118 shares issued and 5,903,797 shares outstanding at March 31, 2022 and 5,893,767 shares issued and 5,892,446 shares outstanding at December 31, 2021 5,905 5,894
Additional paid-in capital 104,395,175 104,063,321
Treasury stock, at cost, 1,321 shares at March 31, 2022 and December 31, 2021 (13,210) (13,210)
Accumulated deficit (81,810,721) (79,906,080)
Total stockholders' equity 22,577,149 24,149,925
Total liabilities and stockholders' equity $ 24,507,763 $ 25,877,480

Source