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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,771,758 $ 3,148,496
Marketable investment securities 17,263,788 29,381,410
Accrued interest income 52,254 80,427
Contract asset - current portion 579,428
Prepaid and other current assets 773,424 945,319
Total current assets 22,861,224 34,135,080
Contract asset - non-current portion 3,252,500
Property and equipment, net of accumulated depreciation of $1,182,191 and $1,153,530 respectively 116,095 131,589
Other assets 23,753 23,753
Total assets 23,001,072 37,542,922
Current liabilities:    
Accounts payable 1,395,977 600,388
Accrued expenses 1,218,486 1,077,738
Warrant liability - current portion 17,166
Total current liabilities 2,631,629 1,678,126
Warrant liability 229,856
Total liabilities 2,631,629 1,907,982
Commitments and contingencies (notes 8, 9 and 11)
Stockholders’ equity:    
Common stock, par value $0.0001 per share, 200,000,000 shares authorized; 5,316,166 and 5,235,166 issued and 5,315,830 and 5,234,830 outstanding 8,860 8,852
Additional paid-in capital 220,171,250 219,112,164
Treasury stock at cost, 336 shares (40,712) (40,712)
Accumulated other comprehensive gain (loss) 7,259 (20,321)
Accumulated deficit (199,777,214) (183,425,043)
Total stockholders’ equity 20,369,443 35,634,940
Total liabilities and stockholders’ equity $ 23,001,072 $ 37,542,922