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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash $ 1,411,510 $ 3,791,302
Accounts receivable 0 8,075
Notes receivable 2,500,000 0
Interest receivable 833 0
Prepaid assets, current portion 208,133 142,356
TOTAL CURRENT ASSETS 4,120,476 3,941,733
PROPERTY AND EQUIPMENT    
Furniture and fixtures 25,237 25,237
Less: accumulated depreciation 13,622 12,695
Furniture and fixtures, net 11,615 12,542
OTHER ASSETS    
Prepaid insurance 205,833 348,333
License right, net of accumulated amortization 2,804,167 3,554,167
Right of use asset, net of accumulated amortization 28,676 58,914
Total other assets 3,038,676 3,961,414
TOTAL ASSETS 7,170,767 7,915,689
CURRENT LIABILITIES    
Accounts payable 482,005 99,021
Accrued expenses 298,266 181,998
Notes payable, current portion 825,000 1,500,000
Right of use liability, current portion 10,757 41,618
TOTAL CURRENT LIABILITIES 1,616,028 1,822,637
LONG TERM LIABILITIES    
Notes payable 150,000 150,000
Derivative liability warrants 378,375 1,125,000
Right of use liability, non-current portion 14,723 14,723
TOTAL LONG TERM LIABILITIES 543,098 1,289,723
TOTAL LIABILITIES 2,159,126 3,112,360
COMMITMENTS AND CONTINGENCIES (NOTE 6)
STOCKHOLDERS' EQUITY    
Series B preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding, respectively 0 0
Common stock, $0.0001 par value, 150,000,000 shares authorized, 32,991,036 shares issued and outstanding at September 30, 2023, and 19,566,839 shares issued and outstanding at December 31, 2022 3,299 1,957
Additional paid-in capital 87,990,247 70,541,095
Accumulated deficit (82,981,905) (65,739,723)
TOTAL STOCKHOLDERS' EQUITY 5,011,641 4,803,329
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 7,170,767 $ 7,915,689