Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 4,585,141 $ 1,975,799
Prepaid expenses and other current assets 556,230 1,664,107
Total Current Assets 5,141,371 3,639,906
Intangible assets, net 7,622,041 1,619,570
Total Assets 12,763,412 5,259,476
Current Liabilities:    
Accounts payable 1,933,141 1,892,611
Accrued expenses 739,674 1,869,814
Loans payable - current portion 147,889 1,034,124
Derivative liabilities 58
Total Current Liabilities 3,504,885 5,062,616
Loans payable - noncurrent portion 6,616 19,936
Deferred tax liability 304,657
Total Liabilities 3,511,501 5,387,209
Commitments and contingencies (Note 10)
Stockholders' Equity (Deficit):    
Preferred stock, value 100
Common stock, $0.0001 par value; 100,000,000 shares authorized; 3,176,999 and 534,719 shares issued and outstanding at December 31, 2024 and 2023, respectively 318 54
Additional paid-in capital 153,691,755 130,117,209
Accumulated other comprehensive income (2,916,918) (2,901,339)
Accumulated deficit (141,523,344) (127,343,657)
Total Stockholders' Equity (Deficit) 9,251,911 (127,733)
Total Liabilities and Stockholders' Equity (Deficit) 12,763,412 5,259,476
Related Party    
Current Liabilities:    
Accounts payable - related parties 684,181 266,009
Class C Preferred Stock    
Stockholders' Equity (Deficit):    
Preferred stock, value
Class K Preferred Stock    
Stockholders' Equity (Deficit):    
Preferred stock, value