Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,905,108 $ 7,188,553
Marketable securities 19,029,908 15,861,620
Accounts receivable 79,604 39,881
Prepaid research and development 425,229 1,117,616
Prepaid expenses and other current assets 543,923 163,452
Total current assets 21,983,772 24,371,122
Equipment and improvements 86,523 236,532
Right-of-use asset 277,092 328,643
Total assets 22,347,387 24,936,297
Current liabilities:    
Accounts payable 754,146 1,151,173
Lease obligation, current 147,966 145,836
Accrued expenses and other current liabilities 1,830,924 2,398,436
Total current liabilities 2,733,036 3,695,445
Lease obligation, net of current portion 149,971 205,451
Total liabilities 2,883,007 3,900,896
Commitments and contingencies (see Note 13)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value; 100,000,000 shares authorized; 5,290,826 and 4,224,294 shares issued and outstanding at June 30, 2023 and December 31, 2022 5,291 4,224
Additional paid-in capital 77,588,389 68,798,301
Accumulated other comprehensive income (loss) (1,714) 104,718
Accumulated deficit (58,127,586) (47,871,842)
Total stockholders' equity 19,464,380 21,035,401
Total liabilities and stockholders' equity $ 22,347,387 $ 24,936,297