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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,786,753 $ 13,362,053
Prepaid expenses and other current assets 831,577 633,156
Total current assets 6,618,330 13,995,209
Non-current assets:    
Property and equipment, net 735
Right-of-use asset 82,175 173,206
Other assets - deposits to third parties 638,251 754,728
Total non-current assets 720,426 928,669
Total assets 7,338,756 14,923,878
Current liabilities:    
Accounts payable and other current liabilities 3,309,717 2,672,327
Operating lease liability, current portion 84,164 101,705
Total current liabilities 3,393,881 2,774,032
Non-current liabilities:    
Operating lease liability, net of current portion 73,348
Total non-current liabilities 73,348
Total liabilities 3,393,881 2,847,380
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock: $0.01 par value, 200,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 12,013,901 shares issued and outstanding as of December 31, 2024 and 8,401,047 shares issued and outstanding as of December 31, 2023 120,139 84,011
Preferred stock: $0.01 par value, 5,000,000 shares authorized as of December 31, 2024 and December 31, 2023; no shares issued or outstanding
Additional paid in capital 64,263,919 57,409,643
Accumulated deficit (60,439,183) (45,417,156)
Total stockholders’ equity 3,944,875 12,076,498
Total liabilities and stockholders’ equity $ 7,338,756 $ 14,923,878