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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,841,591 $ 5,794,272
Short-term investment securities 4,287,325 6,847,270
Interest receivable 36,053 58,285
Accounts receivable 767,597 330,001
Prepaid expenses and other current assets 136,152 392,236
Total current assets 11,068,718 13,422,064
Non-current assets:    
Investment in Alphazyme 0 284,709
Other assets 5,822 6,045
Total assets 11,074,540 13,712,818
Current liabilities:    
Accounts payable 905,876 1,276,313
Accrued expenses 909,482 955,081
Deferred research and development obligations 9,000 40,743
Deferred license revenue, current portion 176,471 176,471
Total current liabilities 2,000,829 2,448,608
Deferred license revenue, net of current portion 88,235 176,471
Total liabilities 2,089,064 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 - 41,064,563 and 40,816,602, outstanding shares - 28,811,061 and 28,563,100 as of June 30, 2023, and December 31, 2022, respectively 41,065 40,817
Additional paid-in capital 104,465,590 103,458,697
Treasury stock, shares held at cost - 12,253,502 (18,929,915) (18,929,915)
Accumulated deficit (76,591,264) (73,481,860)
Total stockholders’ equity 8,985,476 11,087,739
Total liabilities and stockholders’ equity $ 11,074,540 $ 13,712,818