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Condensed Consolidated Balance Sheets
Mar. 31, 2024
USD ($)
Current assets:  
Cash and cash equivalents $ 7,091,548
Contracts and grants receivable 117,029
Research and development incentives receivable, current 25,253
Deferred issuance cost 132,681
Prepaid expenses and other current assets 451,876
Total current assets 7,818,387
Security deposit 22,777
Office furniture and equipment, net 10,339
Right-of-use lease assets 200,569
Research and development incentives receivable, net of current portion 6,313
Total assets 8,058,385
Current liabilities:  
Accounts payable 1,436,728
Accrued expenses 2,602,665
Accrued compensation 50,216
Lease liabilities, current 125,143
Convertible debt 2,996,136
Total current liabilities 7,210,888
Non-current liabilities:  
Lease liabilities, net of current portion 79,125
Total liabilities 7,290,013
Commitments and contingencies (Note 6)
Shareholders' equity:  
Preferred stock, 350,000 shares authorized; none issued or outstanding at March 31, 2024 and December 31, 2023, respectively
Common stock, $.001 par value; 75,000,000 shares authorized; 657,900 and 648,761 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 658 [1]
Additional paid-in capital 228,363,074 [1]
Accumulated other comprehensive income 24,143
Accumulated deficit (227,619,503)
Total shareholders' equity 768,372
Total liabilities and shareholders' equity $ 8,058,385
[1] Adjusted to reflect the reverse stock split of one-for-sixteen effective June 5, 2024