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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 8,273,728 $ 16,808,539
Prepaid research and development 767,650 66,217
Other current assets 237,158 244,021
Total current assets 9,278,536 17,118,777
Deposits 127,534 127,534
Property and equipment, net 20,531 16,377
Right of use asset 482,986 638,786
Total assets 9,909,587 17,901,474
Current liabilities    
Accounts payable 420,353 953,349
Accrued expenses 1,408,968 850,557
Lease liability, current portion 341,308 332,817
Short-term milestone payable due to Patagonia Pharmaceuticals, LLC 2,250,000  
Redeemable Series A preferred stock under redemption (Note 5) 2,151,675 2,055,348
Total current liabilities 6,572,304 4,192,071
Note payable   37,772
Lease liability 163,985 331,152
Long-term milestone payable due to Patagonia Pharmaceuticals, LLC 1,750,000  
Other liabilities 73,683 73,683
Total liabilities 8,559,972 4,634,678
Commitments and contingencies (Note 7)
Stockholders' equity    
Common stock, par value $0.001; 450,000,000 shares authorized; 63,753,834 shares issued and outstanding as of June 30, 2022, and 63,619,140 shares issued and outstanding as of December 31, 2021 63,754 63,619
Additional paid-in capital 42,739,793 42,087,719
Accumulated deficit (41,453,932) (28,884,542)
Total stockholders' equity 1,349,615 13,266,796
Total liabilities and stockholders' equity $ 9,909,587 $ 17,901,474