Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 12,683,268 $ 16,345,623
Accounts receivable, net 203,324 65,936
Prepayments and other current assets 540,430 491,365
Total current assets 13,427,022 16,902,924
Property and equipment, net 281,109 200,103
Intangible assets, net 2,539,422 2,036,431
Right of use asset 218,130 248,720
Other assets 11,189 11,189
Total assets 16,476,872 19,399,367
Current liabilities:    
Accounts payable 112,010 130,503
Accrued expenses 614,642 254,218
Current portion of lease liability 67,595 64,597
Total current liabilities 794,247 449,318
Long-term lease liability 168,600 202,987
Other long-term liabilities 1,180,005 838,458
Total liabilities 2,142,852 1,490,763
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 5,939,779 shares issued and 5,938,458 shares outstanding at June 30, 2023 and 5,926,001 shares issued and 5,924,680 shares outstanding at December 31, 2022 5,940 5,926
Additional paid-in capital 106,244,511 105,011,318
Treasury stock, at cost, 1,321 shares at June 30, 2023 and December 31, 2022 (13,210) (13,210)
Accumulated deficit (91,903,221) (87,095,430)
Total stockholders' equity 14,334,020 17,908,604
Total liabilities and stockholders' equity $ 16,476,872 $ 19,399,367