Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.21.2
Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 24,487,547 $ 3,157,256
Accounts receivable, net 262,527 170,287
Prepayments and other current assets 100,360 118,883
Total current assets 24,850,434 3,446,426
Property and equipment, net 62,720 37,125
Intangible assets, net 2,038,911 1,568,903
Right of use asset 321,248 79,719
Other assets 11,189  
Total assets 27,284,502 5,132,173
Current liabilities:    
Accounts payable 57,355 101,984
Accrued expenses 625,693 475,487
Current portion of lease liability 57,484 82,055
Total current liabilities 740,532 659,526
Long-term debt   91,407
Long-term lease liability 282,847  
Other long-term liabilities 959,408 552,031
Total liabilities 1,982,787 1,302,964
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 5,873,367 shares issued and 5,872,046 shares outstanding at September 30, 2021 and 3,265,740 shares issued and 3,264,419 shares outstanding at December 31, 2020 5,873 3,266
Additional paid-in capital 103,794,384 78,974,964
Treasury stock, at cost, 1,321 shares at September 30, 2021 and December 31, 2020 (13,210) (13,210)
Accumulated deficit (78,485,332) (75,135,811)
Total stockholders' equity 25,301,715 3,829,209
Total liabilities and stockholders' equity $ 27,284,502 $ 5,132,173