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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 2,519,501 $ 9,080,426
Prepaid research and development 138,838 525,532
Other current assets 132,766 207,171
Total current assets 2,791,105 9,813,129
Deposits 145,137 127,534
Property and equipment, net 18,663 19,373
Right of use asset 371,308 315,932
Total assets 3,326,213 10,275,968
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,631,597 1,350,793
Accrued expenses 2,020,571 1,609,535
Lease liability, current portion 222,336 331,152
Short-term milestone payable due to Patagonia Pharmaceuticals LLC 1,750,000 1,750,000
Total current liabilities 5,624,504 5,041,480
Lease liability 322,793 0
Total liabilities 5,947,297 5,041,480
Commitments and contingencies (Note 7)
Preferred stock par value $0.001; 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 0 0
Common stock, par value $0.001; 450,000,000 shares authorized; 3,047,431 shares issued and outstanding as of June 30, 2023, and 2,969,272 shares issued and outstanding as of December 31, 2022 148,432 148,354
Additional paid-in capital 53,619,078 53,350,126
Accumulated deficit (56,388,594) (48,263,992)
Total stockholders' (deficit) equity (2,621,084) 5,234,488
Total liabilities and stockholders' (deficit) equity $ 3,326,213 $ 10,275,968