Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 3,724,527 $ 4,585,141
Prepaid expenses and other current assets 304,226 556,230
Total Current Assets 4,028,753 5,141,371
Intangible assets, net 7,622,041 7,622,041
Total Assets 11,650,794 12,763,412
Current Liabilities:    
Accounts payable 2,124,602 1,933,141
Accrued expenses 771,083 739,674
Loans payable - current portion 148,391 147,889
Total Current Liabilities 3,941,797 3,504,885
Loans payable - noncurrent portion 3,425 6,616
Total Liabilities 3,945,222 3,511,501
Commitments and contingencies (Note 9)
Stockholders’ Equity:    
Additional paid-in capital 154,579,238 153,691,755
Accumulated other comprehensive income (2,981,609) (2,916,918)
Accumulated deficit (143,892,576) (141,523,344)
Total Stockholders’ Equity 7,705,572 9,251,911
Total Liabilities and Stockholders’ Equity 11,650,794 12,763,412
Preferred Stock    
Stockholders’ Equity:    
Preferred stock, value
Common stock, $0.0001 par value; 100,000,000 shares authorized; 5,185,780 and 3,176,999 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 519 318
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 $ 897,721 $ 684,181