v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 2,218,331 $ 4,585,141
Prepaid expenses and other current assets 873,789 556,230
Total Current Assets 3,092,120 5,141,371
Intangible assets, net 7,622,041 7,622,041
Total Assets 10,714,161 12,763,412
Current Liabilities:    
Accounts payable 2,204,060 1,933,141
Accrued expenses 623,661 739,674
Loans payable - current portion 762,445 147,889
Total Current Liabilities 5,333,598 3,504,885
Loans payable - noncurrent portion 6,616
Total Liabilities 5,333,598 3,511,501
Commitments and contingencies (Note 9)
Stockholders’ Equity:    
Preferred stock, value
Common stock, $0.0001 par value; 100,000,000 shares authorized; 6,039,208 and 3,176,999 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 604 318
Treasury stock (1,000,000)
Additional paid-in capital 155,124,183 153,691,755
Accumulated other comprehensive income (3,125,044) (2,916,918)
Accumulated deficit (145,619,180) (141,523,344)
Total Stockholders’ Equity 5,380,563 9,251,911
Total Liabilities and Stockholders’ Equity 10,714,161 12,763,412
Class B Convertible Preferred Stock    
Stockholders’ Equity:    
Preferred stock, value 100
Class C Preferred Stock    
Stockholders’ Equity:    
Preferred stock, value
Class K Preferred Stock    
Stockholders’ Equity:    
Preferred stock, value
Related Party    
Current Liabilities:    
Accounts payable – related parties 1,093,432 684,181
Loans payable related parties - current portion $ 650,000

Source