Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 14,520,450 $ 16,345,623
Accounts receivable, net 66,600 65,936
Prepayments and other current assets 436,655 491,365
Total current assets 15,023,705 16,902,924
Property and equipment, net 230,126 200,103
Intangible assets, net 2,022,660 2,036,431
Right of use asset 233,542 248,720
Other assets 11,189 11,189
Total assets 17,521,222 19,399,367
Current liabilities:    
Accounts payable 68,810 130,503
Accrued expenses 366,411 254,218
Current portion of lease liability 66,085 64,597
Total current liabilities 501,306 449,318
Long-term lease liability 186,007 202,987
Other long-term liabilities 843,364 838,458
Total liabilities 1,530,677 1,490,763
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 5,932,890 shares issued and 5,931,569 shares outstanding at March 31, 2023 and 5,926,001 shares issued and 5,924,680 shares outstanding at December 31, 2022 5,933 5,926
Additional paid-in capital 105,621,237 105,011,318
Treasury stock, at cost, 1,321 shares at March 31, 2023 and December 31, 2022 (13,210) (13,210)
Accumulated deficit (89,623,415) (87,095,430)
Total stockholders' equity 15,990,545 17,908,604
Total liabilities and stockholders' equity $ 17,521,222 $ 19,399,367