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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 9,080,426 $ 16,808,539
Prepaid research and development 525,532 66,217
Other current assets 207,171 244,021
Total current assets 9,813,129 17,118,777
Deposits 127,534 127,534
Property and equipment, net 19,373 16,377
Right of use asset 315,932 638,786
Total assets 10,275,968 17,901,474
Current liabilities    
Accounts payable 1,350,793 953,349
Accrued expenses 1,609,535 850,557
Lease liability, current portion 331,152 332,817
Short-term milestone payable due to Patagonia Pharmaceuticals LLC 1,750,000  
Redeemable Series A preferred stock under redemption (Notes 5 and 9)   2,055,348
Total current liabilities 5,041,480 4,192,071
Note payable   37,772
Lease liability   331,152
Other liabilities   73,683
Total liabilities 5,041,480 4,634,678
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock par value $0.001; 10,000,000 shares authorized, no shares issued and outstanding as of December 31 2022 and 2021, respectively
Common stock, par value $0.001; 450,000,000 shares authorized; 2,670,856 shares issued and outstanding as of December 31, 2022, and 1,272,383 shares issued and outstanding as of December 31, 2021 148,354 63,619
Additional paid-in capital 53,350,126 42,087,719
Accumulated deficit (48,263,992) (28,884,542)
Total stockholders' equity 5,234,488 13,266,796
Total liabilities and stockholders' equity $ 10,275,968 $ 17,901,474