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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 4,266,568 $ 17,723,884
Prepaid expenses and other current assets 1,560,354 708,053
Total current assets 5,826,922 18,431,937
Other assets:    
Property and equipment, net 539,152 677,485
Right-of-use operating lease asset 63,817
Intangible assets, net 253,120 379,686
Total other assets 792,272 1,120,988
Total assets 6,619,194 19,552,925
Current liabilities:    
Accounts payable 1,098,233 463,275
Accrued liabilities 1,533,829 1,705,655
Current portion of right-of-use operating lease obligation 63,820
Investment option liability 1,250,929 851,008
Warrant liability 300,557 185,215
Derivative liability 727,000
Total current liabilities 4,183,548 3,995,973
Commitments and contingencies (Note 9)
Mezzanine equity    
Series C redeemable preferred stock, $0.01 par value, 100,000 shares authorized, and 0 shares issued and outstanding as of September 30, 2023 and December 31, 2022
Redeemable non-controlling interest 885,028
Total mezzanine equity 885,028
Shareholders’ equity    
Preferred stock, $0.01 par value, 20,000,000 shares authorized; Series B preferred stock, $0.01 par value, 3,600,000 shares authorized, 0 shares issued and outstanding as of September 30, 2023 and December 31, 2022
Common stock, $0.01 par value, 100,000,000 shares authorized, 2,181,912 and 2,078,271 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 21,818 20,782
Additional paid-in capital 96,013,029 94,395,662
Accumulated deficit (93,063,582) (79,207,786)
Accumulated other comprehensive loss (535,619) (536,734)
Total shareholders’ equity 2,435,646 14,671,924
Total liabilities, mezzanine equity, and shareholders’ equity $ 6,619,194 $ 19,552,925