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Interim Condensed Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 552,758 $ 897,680
Prepaid expenses and other current assets 639,710 925,382
Total current assets 1,192,468 1,823,062
Property and equipment, net 990 6,694
Other assets 16,885
Total assets 1,193,458 1,846,641
Current liabilities:    
Accounts payable, including related party of $411,806 and $265,864, as of June 30, 2024 and December 31, 2023, respectively 4,584,284 4,633,534
Related party short-term loan 1,512,319 1,633,746
Other accrued liabilities 1,420,229 1,652,270
Note payable short-term 201,285
Total current liabilities 7,718,117 7,919,550
Deferred revenue 2,499,969 2,499,969
Accrued pension liability 243,630 260,685
Total liabilities 10,461,716 10,680,204
Commitments and contingencies (Note 8)
Shareholders’ deficit    
Common shares, CHF 0.80 ($0.80) par value, 985,723 and 810,723 registered shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 808,555 668,555
Additional paid-in capital 62,328,298 61,029,437
Accumulated deficit (72,409,318) (70,373,484)
Accumulated other comprehensive loss 4,207 (158,071)
Total shareholders’ deficit (9,268,258) (8,833,563)
Total liabilities and shareholders’ deficit $ 1,193,458 $ 1,846,641