Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,930,731 $ 4,992,145
Investments 9,806,591 21,253,866
Vendor receivable 27,500 173,499
Prepaid expenses and other current assets 453,681 527,380
Total current assets 16,218,503 26,946,890
Property and equipment, net 65,509 260,612
Intangible assets, net 18,083 19,309
Other assets 63,572 69,620
Total assets 16,365,667 27,296,431
Current liabilities:    
Accounts payable 180,104 371,993
Accrued liabilities 327,868 196,020
Accrued payroll and other compensation 525,666 754,314
Note payable, net of debt discount and offering costs of $0 and $8,723 as of December 31, 2022 and December 31, 2021, respectively 366,277
Total liabilities 1,033,638 1,688,604
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, Authorized 5,000,000 shares; No shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
Common stock, $0.001 par value, Authorized 12,000,000 shares: Issued and outstanding 2,906,926 shares as of Decemebr 31, 2022 and 2,877,985 as of December 31, 2021 2,907 2,878
Additional paid-in capital 112,238,392 110,339,011
Accumulated deficit (96,909,270) (84,734,062)
Total stockholders’ equity 15,332,029 25,607,827
Total liabilities and stockholders’ equity $ 16,365,667 $ 27,296,431