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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,478,113 $ 16,612,315
Research and development tax incentive receivable 433,852 186,507
Prepaid assets and other current assets 1,678,353 2,226,344
Total current assets 7,590,318 19,025,166
Operating lease right-of use asset, net 119,529 196,044
Property and equipment, net 1,999,781 3,078,342
Note receivable - Augmenta 2,310,000 1,812,975
Other assets 7,688 7,688
Total assets 12,027,316 24,120,215
Current liabilities:    
Accounts payable 958,442 919,607
Accrued liabilities 1,285,586 4,430
Deferred research grant revenue 101,000 126,000
Current portion of operating lease liability 83,512 80,625
Total current liabilities 2,428,540 1,130,662
Operating lease liability, net of current portion 31,742 110,094
Total liabilities 2,460,282 1,240,756
Commitments and contingencies (see Note 5)
Stockholders’ equity:    
Common stock; $0.001 par value, 180,000,000 shares and 45,000,000 authorized as of December 31, 2023 and 2022, respectively; 2,370,000 and 1,447,722 shares issued and outstanding as of December 31, 2023 and 2022, respectively 2,370 1,448
Additional paid-in capital 128,044,509 120,105,728
Accumulated other comprehensive loss (148,192) (139,295)
Accumulated deficit (118,331,653) (97,088,422)
Total stockholders’ equity 9,567,034 22,879,459
Total liabilities and stockholders’ equity $ 12,027,316 $ 24,120,215