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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 7,297,171 $ 7,819,514
Deferred issuance cost 43,836 103,847
Prepaid expenses and other current assets 299,735 905,269
Total current assets 7,640,742 8,828,630
Security deposit 22,777 22,777
Office furniture and equipment, net 5,505 6,113
Right-of-use lease assets 77,096 108,963
Total assets 7,746,120 8,966,483
Current liabilities:    
Accounts payable 599,688 667,896
Accrued expenses 3,404,332 2,359,339
Accrued compensation 50,537 336,442
Lease liabilities, current 79,125 111,862
Convertible debt   1,372,873
Total liabilities 4,133,682 4,848,412
Commitments and contingencies (Note 6)
Shareholders' equity:    
Preferred stock, 350,000 shares authorized; none issued or outstanding at March 31, 2025 and December 31, 2024, respectively
Common stock, $.001 par value; 75,000,000 shares authorized; 3,183,992 and 2,514,499 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 3,183 2,514
Additional paid-in capital 240,770,981 238,040,520
Accumulated other comprehensive income 45,789 45,789
Accumulated deficit (237,207,515) (233,970,752)
Total shareholders' equity 3,612,438 4,118,071
Total liabilities and shareholders' equity $ 7,746,120 $ 8,966,483