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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 7,895,827 $ 10,935,352
Prepaid expenses and other current assets 301,620 11,041
Deferred offering costs 60,000
Total current assets 8,257,447 10,946,393
Total assets 8,257,447 10,946,393
Current liabilities    
Accounts payable 784,029 908,577
Accrued expenses 579,462 906,469
Insurance premium financing liability 200,048
Total current liabilities 1,563,539 1,815,046
Total liabilities 1,563,539 1,815,046
Commitments and contingencies (see Note 5)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2024 and December 31, 2023
Common stock, $0.0001 par value, 250,000,000 shares Authorized, 1,095,346 shares and 884,720 shares issued and 1,095,100 shares and 884,474 shares outstanding as of June 30, 2024 and December 31, 2023, respectively [1] 111 89
Additional paid-in capital 36,048,454 33,904,749
Accumulated deficit (29,284,692) (24,703,526)
Treasury stock, at cost, 246 shares held in treasury as of June 30, 2024 and December 31, 2023 (69,965) (69,965)
Total stockholders’ equity 6,693,908 9,131,347 [2]
Total liabilities and stockholders’ equity $ 8,257,447 $ 10,946,393
[1] Amounts have been retroactively restated to reflect the 1-for-15 reverse stock split effectuated on May 24, 2024 (See Note 2 to the condensed consolidated financial statements).
[2] Amounts have been retroactively restated to reflect the 1-for-15 reverse stock split effectuated on May 24, 2024 (See Note 2 to the condensed consolidated financial statements).