Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Current Period Unaudited)

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Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 18,655,922 $ 8,474,835
Accounts receivable, net 1,326 70,000
Inventory 60,130 81,450
Prepayments and other current assets 303,921 482,890
Total current assets 19,021,299 9,109,175
Property and equipment, net 447,186 359,225
Intangible assets, net 2,608,825 2,580,066
Right of use asset 503,962 186,570
Other assets 20,133 13,034
Total assets 22,601,405 12,248,070
Current liabilities:    
Accounts payable 76,053 405,098
Accrued expenses 750,443 455,112
Current portion of lease liability 80,145 70,683
Total current liabilities 906,641 930,893
Long-term lease liability 425,076 132,304
Other long-term liabilities 1,049,325 1,125,173
Total liabilities 2,381,042 2,188,370
Commitments and Contingencies  
Stockholders’ equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 8,144,097 shares issued and 8,142,776 shares outstanding at September 30, 2024 and 5,998,018 shares issued and 5,996,697 shares outstanding at December 31, 2023 8,144 5,998
Additional paid-in capital 125,096,918 107,116,362
Treasury stock, at cost, 1,321 shares at September 30, 2024 and December 31, 2023 13,210 13,210
Accumulated deficit (104,871,489) (97,049,450)
Total stockholders’ equity 20,220,363 10,059,700
Total liabilities and stockholders’ equity $ 22,601,405 $ 12,248,070