Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 14,861,309 $ 7,188,553
Marketable securities 1,970,260 15,861,620
Accounts receivable 0 39,881
Prepaid research and development 347,565 1,117,616
Prepaid expenses and other current assets 371,538 163,452
Total current assets 17,550,672 24,371,122
Equipment and improvements 79,940 236,532
Right-of-use asset 250,090 328,643
Total assets 17,880,702 24,936,297
Current liabilities:    
Accounts payable 734,561 1,151,173
Lease obligation, current 149,030 145,836
Accrued expenses and other current liabilities 1,858,215 2,398,436
Total current liabilities 2,741,806 3,695,445
Lease obligation, net of current portion 121,013 205,451
Total liabilities 2,862,819 3,900,896
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value; 100,000,000 shares authorized; 5,3603,266 and 4,224,294 shares issued and outstanding at September 30, 2023 and December 31, 2022 5,361 4,224
Additional paid-in capital 77,735,450 68,798,301
Accumulated other comprehensive income (loss) (143) 104,718
Accumulated deficit (62,722,785) (47,871,842)
Total stockholders' equity 15,017,883 21,035,401
Total liabilities and stockholders' equity $ 17,880,702 $ 24,936,297