Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Current Period Unaudited)

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Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 20,064,897 $ 8,474,835
Accounts receivable, net 1,331 70,000
Inventory 79,662 81,450
Prepayments and other current assets 317,190 482,890
Total current assets 20,463,080 9,109,175
Property and equipment, net 351,533 359,225
Intangible assets, net 2,586,359 2,580,066
Right of use asset 0 186,570
Other assets 18,727 13,034
Total assets 23,419,699 12,248,070
Current liabilities:    
Accounts payable 230,634 405,098
Accrued expenses 649,186 455,112
Current portion of lease liability 0 70,683
Total current liabilities 879,820 930,893
Long-term lease liability 0 132,304
Other long-term liabilities 1,066,274 1,125,173
Total liabilities 1,946,094 2,188,370
Commitments and Contingencies  
Treasury stoStockholders’ equity:ck, at cost, 1,321 shares at June 30, 2024 and December 31, 2023    
Common stock, $0.001 par value; 50,000,000 shares authorized; 7,695,238 shares issued and 7,693,917 shares outstanding at June 30, 2024 and 5,998,018 shares issued and 5,996,697 shares outstanding at December 31, 2023 7,695 5,998
Additional paid-in capital 123,660,261 107,116,362
Treasury stock, at cost, 1,321 shares at June 30, 2024 and December 31, 2023 13,210 13,210
Accumulated deficit (102,181,141) (97,049,450)
Total stockholders’ equity 21,473,605 10,059,700
Total liabilities and stockholders’ equity $ 23,419,699 $ 12,248,070