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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 3,111,683 $ 2,287,977
Prepaid expenses and other current assets 1,226,576 1,293,554
Total current assets 4,338,259 3,581,531
Other assets:    
Property and equipment, net 367,689 507,377
Intangible assets, net 84,368 210,932
Total other assets 452,057 718,309
Total assets 4,790,316 4,299,840
Current liabilities:    
Accounts payable 576,324 1,218,783
Accrued liabilities 253,150 1,075,643
Investment option liability 4,944 23,608
Warrant liability 4,748 25,470
Total current liabilities 839,166 2,343,504
Commitments and contingencies (Note 9)
Mezzanine equity    
Series C redeemable preferred stock, $0.01 par value, 100,000 shares authorized, and 0 shares issued and outstanding as of September 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 September 30, 2024 and December 31, 2023
Common stock, $0.01 par value, 100,000,000 shares authorized, 8,994,920 and 2,739,315 shares issued and outstanding as of September 30, 2024 and December 31, 2023 89,949 27,392
Additional paid-in capital 107,316,058 100,815,851
Stock subscription receivable (1,817,640)
Accumulated deficit (102,919,859) (96,499,518)
Accumulated other comprehensive loss (534,998) (569,749)
Total shareholders’ equity 3,951,150 1,956,336
Total liabilities, mezzanine equity, and shareholders’ equity $ 4,790,316 $ 4,299,840