XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 7,091,548 $ 8,446,158
Contracts and grants receivable 117,029  
Unbilled revenue   171,254
Research and development incentives receivable, current 25,253 23,894
Deferred issuance cost 132,681  
Prepaid expenses and other current assets 451,876 866,014
Total current assets 7,818,387 9,507,320
Security deposit 22,777 22,777
Office furniture and equipment, net 10,339 11,927
Right-of-use lease assets 200,569 229,834
Research and development incentives receivable, net of current portion 6,313 25,468
Total assets 8,058,385 9,797,326
Current liabilities:    
Accounts payable 1,436,728 1,111,226
Accrued expenses 2,602,665 2,418,002
Accrued compensation 50,216 251,115
Lease liabilities, current 125,143 121,765
Convertible debt 2,996,136 2,250,000
Total current liabilities 7,210,888 6,152,108
Non-current liabilities:    
Convertible debt   1,010,934
Lease liabilities, net of current portion 79,125 111,862
Total liabilities 7,290,013 7,274,904
Commitments and contingencies (Note 6)
Shareholders' equity:    
Preferred stock, 350,000 shares authorized; none issued or outstanding at March 31, 2024 and December 31, 2023, respectively 0 0
Common stock, $.001 par value; 75,000,000 shares authorized; 10,524,437 and 10,378,238 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 10,524 10,378
Additional paid-in capital 228,353,208 228,193,977
Accumulated other comprehensive income 24,143 22,243
Accumulated deficit (227,619,503) (225,704,176)
Total shareholders' equity 768,372 2,522,422
Total liabilities and shareholders' equity $ 8,058,385 $ 9,797,326