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Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 11,105,553 $ 15,842,850
Accounts receivable, net 8,175 692
Inventory 77,387 96,406
Prepayments and other current assets 233,528 356,658
Total current assets 11,424,643 16,296,606
Property and equipment, net 382,451 415,232
Intangible assets, net 2,681,808 2,611,998
Right of use asset 441,325 483,497
Other assets 17,789 19,351
Total assets 14,948,016 19,826,684
Current Liabilities:    
Accounts payable 152,715 104,117
Accrued expenses 663,642 374,012
Current portion of lease liability 87,915 82,681
Total current liabilities 904,272 560,810
Long-term lease liability 358,446 403,335
Other long-term liabilities 946,957 1,007,375
Total liabilities 2,209,675 1,971,520
Commitments and Contingencies  
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 8,499,335 shares issued and 8,498,014 shares outstanding at June 30, 2025 and 8,336,812 shares issued and 8,335,491 shares outstanding at December 31, 2024 8,499 8,337
Additional paid-in capital 125,950,104 125,327,300
Treasury stock, at cost, 1,321 shares at June 30, 2025 and December 31, 2024 (13,210) (13,210)
Accumulated deficit (113,207,052) (107,467,263)
Total stockholders’ equity 12,738,341 17,855,164
Total liabilities and stockholders’ equity $ 14,948,016 $ 19,826,684