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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 13,362,053 $ 9,626,800
Marketable securities 16,806,009
Prepaid expenses and other current assets 633,156 811,433
Total current assets 13,995,209 27,244,242
Non-current assets:    
Property and equipment, net 735 2,019
Right-of-use asset 173,206 79,294
Other assets 754,728 738,251
Total non-current assets 928,669 819,564
Total assets 14,923,878 28,063,806
Current liabilities:    
Accounts payable and other current liabilities 2,672,327 3,352,847
Operating lease liability, current portion 101,705 80,494
Total current liabilities 2,774,032 3,433,341
Non-current liabilities:    
Operating lease liability, net of current portion 73,348
Total non-current liabilities 73,348
Total liabilities 2,847,380 3,433,341
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock: $0.01 par value, 200,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 8,401,047 shares issued and outstanding as of December 31, 2023 and December 31, 2022 84,011 84,011
Additional paid in capital 57,409,643 54,443,705
Accumulated deficit (45,417,156) (29,993,685)
Accumulated other comprehensive income 96,434
Total stockholders’ equity 12,076,498 24,630,465
Total liabilities and stockholders’ equity $ 14,923,878 $ 28,063,806