v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 39,257,887 $ 51,524,295
Restricted cash 541,180
Marketable securities 18,568,725 19,201,152
Prepaid expenses and other current assets 3,651,968 1,990,953
Total current assets 62,019,760 72,716,400
Property and equipment, net 43,813 30,245
Operating lease right-of-use assets 82,918 185,943
Restricted cash 1,000,000
Other assets 17,889 17,889
TOTAL ASSETS 62,164,380 73,950,477
CURRENT LIABILITIES    
Accounts payable and accrued expenses 3,046,972 2,174,109
Operating lease liabilities, current 92,023 152,058
Total current liabilities 3,138,995 2,326,167
Operating lease liabilities, net of current portion 52,890
TOTAL LIABILITIES 3,138,995 2,379,057
COMMITMENTS AND CONTINGENCIES (NOTE 4)  
STOCKHOLDERS’ EQUITY    
Preferred Stock – Par Value (1,000,000 authorized at September 30, 2022 and December 31, 2021; $.0001 par value) (Zero shares issued and outstanding at September 30, 2022 and December 31, 2021)
Common Stock – Par Value (25,000,000 authorized at September 30, 2022 and December 31, 2021; $.0001 par value) (10,857,040 shares issued and outstanding at September 30, 2022; 11,088,835 shares issued and outstanding at December 31, 2021) 1,086 1,109
Additional paid-in capital 95,361,099 96,685,924
Accumulated other comprehensive loss (435,035) (92,689)
Accumulated deficit (35,901,765) (25,022,924)
Total stockholders’ equity 59,025,385 71,571,420
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 62,164,380 $ 73,950,477

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