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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,921,614 $ 6,515,028
Short-term investment securities 4,000,832 748,290
Interest receivable 40,835 10,083
Accounts receivable 352,934 466,159
Prepaid expenses and other current assets 374,209 327,775
Total current assets 10,690,424 8,067,335
Non-current assets:    
Operating lease right-of-use asset, net 104,914 141,439
Other assets 10,328 10,462
Total assets 10,805,666 8,219,236
Current liabilities:    
Accounts payable 561,797 656,445
Accrued expenses 839,420 1,057,164
Deferred research and development obligations 514,483 490,113
Operating lease liability, current portion 53,476 48,059
Total current liabilities 2,077,176 2,251,781
Non-current liabilities:    
Operating lease liability, net of current portion 48,091 88,870
Total liabilities 7,393,554 2,340,651
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $.0001 par value: Authorized shares - 5,000,000; none issued and outstanding 0 0
Authorized shares - 100,000,000; issued shares - 41,842,873 and 41,064,563, outstanding shares - 29,589,371 and 28,811,061 as of September 30, 2024, and December 31, 2023, respectively 41,843 41,065
Additional paid-in capital 106,835,784 105,044,756
Treasury stock, shares held at cost - 12,253,502 (18,929,915) (18,929,915)
Accumulated deficit (84,535,600) (80,277,321)
Total stockholders’ equity 3,412,112 5,878,585
Total liabilities and stockholders’ equity 10,805,666 8,219,236
Nonrelated Party [Member]    
Current liabilities:    
Accrued interest 80,000 0
Non-current liabilities:    
Convertible notes, net of issuance costs 3,902,435 0
Related Party [Member]    
Current liabilities:    
Accrued interest 28,000 0
Non-current liabilities:    
Convertible notes, net of issuance costs $ 1,365,852 $ 0