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BALANCE SHEETS
Dec. 31, 2020
USD ($)
Current assets:  
Cash $ 828,016
Prepaid expenses and other current assets 3,199
Total current assets 831,215
Deferred offering costs 224,153
Total assets 1,055,368
Current liabilities  
Accounts payable and accrued expenses 369,177
Due to related parties 35,685
Deferred grant income 0
Total current liabilities 404,862
Long-term liabilities  
Convertible promissory notes, net of debt issuance costs and debt discount 2,086,675
Accrued interest - convertible promissory notes 191,687
Derivative liability 1,751,000
Warrant liability 29,376
Total long-term liabilities 4,058,737
Total liabilities 4,463,600
Commitments and contingencies (Note 8)
Stockholders' equity (deficit)  
Preferred stock - $0.0001 par value; 10,000,000 and 5,000,000 shares authorized at December 31, 2021 and 2020, respectively; -0- shares issued or outstanding at December 31, 2021
Common stock - $0.0001 par value, 290,000,000 shares authorized at December 31, 2021, and 20,000,000 shares authorized at December 31, 2020; 12,904,574 and 4,636,216 shares issued and outstanding at December 31, 2021 and 2020, respectively 464
Additional paid-in capital 65,949
Subscription receivable (12,763)
Accumulated deficit (3,461,882)
Total stockholders' equity (3,408,232)
Total liabilities and stockholders' equity $ 1,055,368