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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 18,357,944 $ 21,937,749
Marketable securities 19,999,910 19,364,923
Prepaid expenses & other current assets 1,113,007 2,038,653
Total current assets 39,470,861 43,341,325
Property and equipment, net 50,283 52,127
Operating lease right-of-use assets 187,211 228,295
Other assets 25,869 25,869
TOTAL ASSETS 39,734,224 43,647,616
CURRENT LIABILITIES    
Accounts payable and accrued expenses 3,775,423 2,505,211
Operating lease liabilities, current 178,023 172,975
Total current liabilities 3,953,446 2,678,186
Operating lease liabilities, net of current portion 15,561 61,496
TOTAL LIABILITIES 3,969,007 2,739,682
COMMITMENTS AND CONTINGENCIES (NOTE 4)
STOCKHOLDERS’ EQUITY    
Preferred Stock (1,000,000 authorized at March 31, 2024 and December 31, 2023; $.0001 par value) (Zero shares issued and outstanding at March 31, 2024 and December 31, 2023)
Common Stock (25,000,000 authorized at March 31, 2024 and December 31, 2023; $.0001 par value) (10,758,805 shares and 10,721,192 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively) 1,076 1,072
Additional paid-in capital 96,447,495 96,258,726
Accumulated other comprehensive income (loss) 1,860 (107,460)
Accumulated deficit (60,685,214) (55,244,404)
Total stockholders’ equity 35,765,217 40,907,934
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 39,734,224 $ 43,647,616