Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

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Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 10,760,854 $ 16,345,623
Accounts receivable, net 100,000 65,936
Prepayments and other current assets 382,091 491,365
Total current assets 11,242,945 16,902,924
Property and equipment, net 343,365 200,103
Intangible assets, net 2,556,861 2,036,431
Right of use asset 202,474 248,720
Other assets 13,311 11,189
Total assets 14,358,956 19,399,367
Current liabilities:    
Accounts payable 63,955 130,503
Accrued expenses 690,655 254,218
Current portion of lease liability 69,128 64,597
Total current liabilities 823,738 449,318
Long-term lease liability 150,588 202,987
Other long-term liabilities 1,165,089 838,458
Total liabilities 2,139,415 1,490,763
Commitments and Contingencies  
Stockholders’ equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 5,946,668 shares issued and 5,945,347 shares outstanding at September 30, 2023 and 5,926,001 shares issued and 5,924,680 shares outstanding at December 31, 2022 5,947 5,926
Additional paid-in capital 106,870,506 105,011,318
Treasury stock, at cost, 1,321 shares at September 30, 2023 and December 31, 2022 13,210 13,210
Accumulated deficit (94,643,702) (87,095,430)
Total stockholders’ equity 12,219,541 17,908,604
Total liabilities and stockholders’ equity $ 14,358,956 $ 19,399,367