XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,374,090 $ 5,794,272
Short-term investment securities 5,362,635 6,847,270
Interest receivable 30,078 58,285
Accounts receivable 754,098 330,001
Prepaid expenses and other current assets 284,597 392,236
Total current assets 12,805,498 13,422,064
Non-current assets:    
Investment in Alphazyme 0 284,709
Other assets 6,065 6,045
Total assets 12,811,563 13,712,818
Current liabilities:    
Accounts payable 770,371 1,276,313
Accrued expenses 863,041 955,081
Deferred research and development obligations 65,207 40,743
Deferred license revenue, current portion 176,471 176,471
Total current liabilities 1,875,090 2,448,608
Deferred license revenue, net of current portion 132,353 176,471
Total liabilities 2,007,443 2,625,079
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, $.0001 par value: Authorized shares - 5,000,000; none issued and outstanding 0 0
Common stock, $.001 par value:Authorized shares - 100,000,000; issued shares - 40,332,659 and 39,747,659, outstanding shares - 28,079,157 and 27,494,157 as of June 30, 2021, and December 31, 2020, respectively 41,065 40,817
Additional paid-in capital 104,131,274 103,458,697
Treasury stock, shares held at cost - 12,253,502 (18,929,915) (18,929,915)
Accumulated deficit (74,438,304) (73,481,860)
Total stockholders’ equity 10,804,120 11,087,739
Total liabilities and stockholders’ equity $ 12,811,563 $ 13,712,818