v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 32,478,770 $ 37,201,786
Restricted cash 541,180 541,180
Marketable securities 19,061,281 17,994,299
Prepaid expenses & other current assets 3,086,331 2,985,472
Total current assets 55,167,562 58,722,737
Property and equipment, net 53,466 48,008
Operating lease right-of-use assets 255,320 47,687
Other assets 32,969 17,889
TOTAL ASSETS 55,509,317 58,836,321
CURRENT LIABILITIES    
Accounts payable and accrued expenses 2,673,603 2,745,407
Operating lease liabilities, current 119,584 52,890
Total current liabilities 2,793,187 2,798,297
Operating lease liabilities, net of current portion 140,632
TOTAL LIABILITIES 2,933,819 2,798,297
COMMITMENTS AND CONTINGENCIES (NOTE 4)
STOCKHOLDERS’ EQUITY    
Preferred Stock (1,000,000 authorized at March 31, 2023 and December 31, 2022; $.0001 par value) (Zero shares issued and outstanding at March 31, 2023 and December 31, 2022)
Common Stock (25,000,000 authorized at March 31, 2023 and December 31, 2022; $.0001 par value) (10,857,040 shares issued and outstanding at March 31, 2023 and December 31, 2022) 1,086 1,086
Additional paid-in capital 96,024,724 95,691,194
Accumulated other comprehensive loss (299,677) (371,386)
Accumulated deficit (43,150,635) (39,282,870)
Total stockholders’ equity 52,575,498 56,038,024
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 55,509,317 $ 58,836,321

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