v3.25.1
Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 15,842,850 $ 8,474,835
Accounts receivable, net 692 70,000
Inventory 96,406 81,450
Prepayments and other current assets 356,658 482,890
Total current assets 16,296,606 9,109,175
Property and equipment, net 415,232 359,225
Intangible assets, net 2,611,998 2,580,066
Right of use asset 483,497 186,570
Other assets 19,351 13,034
Total assets 19,826,684 12,248,070
Current liabilities:    
Accounts payable 104,117 405,098
Accrued expenses 374,012 455,112
Current portion of lease liability 82,681 70,683
Total current liabilities 560,810 930,893
Long-term lease liability 403,335 132,304
Other long-term liabilities 1,007,375 1,125,173
Total liabilities 1,971,520 2,188,370
Commitments and Contingencies  
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2024 and 2023 0 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 8,336,812 shares issued and 8,335,491 shares outstanding at December 31, 2024 and 5,998,018 shares issued and 5,996,697 shares outstanding at December 31, 2023 8,337 5,998
Additional paid-in capital 125,327,300 107,116,362
Treasury stock, at cost; 1,321 shares at December 31, 2024 and 2023, respectively 13,210 13,210
Accumulated deficit (107,467,263) (97,049,450)
Total stockholders’ equity 17,855,164 10,059,700
Total liabilities and stockholders’ equity $ 19,826,684 $ 12,248,070

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