Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 6,165,568 $ 8,983,046
Prepaid expenses and other 421,954 603,828
Total current assets 6,587,522 9,586,874
Other assets 313,921 1,018,352
Total assets 6,901,443 10,605,226
Current liabilities:    
Accounts payable 283,615 240,832
Accrued expenses and other current liabilities 610,648 568,753
Total current liabilities 894,263 809,585
Total liabilities 894,263 809,585
Commitments and contingencies (Note 12)
Stockholders' equity:    
Common stock, $0.001 par value; 10,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 1,544,840 and 1,543,385 shares issued as of December 31, 2024 and December 31, 2023, respectively; 1,542,139 and 1,540,684 shares outstanding as of December 31, 2024 and December 31, 2023, respectively 1,545 1,544
Additional paid in capital 208,225,748 208,053,935
Accumulated deficit (197,194,471) (193,234,196)
Accumulated other comprehensive income 253,734 253,734
Treasury stock (5,281,180) (5,281,180)
Total stockholders' equity 6,007,180 9,795,641
Total liabilities and stockholders' equity 6,901,443 10,605,226
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, value $ 1,804 $ 1,804