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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 3,502,551 $ 2,287,977
Prepaid expenses and other current assets 2,017,383 1,293,554
Total current assets 5,519,934 3,581,531
Other assets:    
Property and equipment, net 405,114 507,377
Intangible assets, net 126,556 210,932
Total other assets 531,670 718,309
Total assets 6,051,604 4,299,840
Current liabilities:    
Accounts payable 459,898 1,218,783
Accrued liabilities 176,373 1,075,643
Investment option liability 4,443 23,608
Warrant liability 4,626 25,470
Total current liabilities 645,340 2,343,504
Commitments and contingencies (Note 8)
Mezzanine equity    
Series C redeemable preferred stock, $0.01 par value, 100,000 shares authorized, and 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023
Total mezzanine equity
Shareholders’ equity    
Preferred stock, $0.01 par value, 20,000,000 shares authorized; Series B preferred stock, $0.01 par value, 3,600,000 shares authorized, 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023
Common stock, $0.01 par value, 100,000,000 shares authorized, 7,878,568 and 2,739,315 shares issued and outstanding as of June 30, 2024 and December 31, 2023 78,785 27,392
Additional paid-in capital 106,729,801 100,815,851
Stock subscription receivable (1,817,640)
Accumulated deficit (100,835,827) (96,499,518)
Accumulated other comprehensive loss (566,495) (569,749)
Total shareholders’ equity 5,406,264 1,956,336
Total liabilities, mezzanine equity, and shareholders’ equity $ 6,051,604 $ 4,299,840