Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 10,725,707 $ 13,097,265
Prepaid expenses and other 1,319,035 556,094
Total current assets 12,044,742 13,653,359
Other assets 704,431 1,066,931
Total assets 12,749,173 14,720,290
Current liabilities:    
Accounts payable 221,281 287,360
Accrued expenses and other current liabilities 650,034 785,796
Total current liabilities 871,315 1,073,156
Total liabilities 871,315 1,073,156
Commitments and contingencies (Note 10)
Stockholders' equity:    
Common stock, $0.001 par value; 10,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 1,535,301 and 1,519,360 shares issued as of June 30, 2023 and December 31, 2022, respectively; 1,532,600 and 1,516,659 shares outstanding as of June 30, 2023 and December 31, 2022, respectively 1,536 1,520
Additional paid in capital 207,908,129 207,769,904
Accumulated deficit (191,007,135) (189,099,618)
Accumulated other comprehensive income 253,734 253,734
Treasury stock (5,281,180) (5,281,180)
Total stockholders' equity 11,877,858 13,647,134
Total liabilities and stockholders' equity 12,749,173 14,720,290
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred Stock, Value, Issued 1,804 1,804
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred Stock, Value, Issued $ 970 $ 970