Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 19,866,358 $ 35,703,975
Prepaid expenses and other current assets 663,243 867,485
Total current assets 20,529,601 36,571,460
Fixed assets, net 418,641 344,491
Right-of-use asset, net 560,334 204,644
Long-term assets 75,000 75,000
Other assets 6,214 6,214
TOTAL ASSETS 21,589,790 37,201,809
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 5,478,443 3,854,914
Lease liability 50,847 135,449
Total current liabilities 5,529,290 3,990,363
Lease liability, net of current portion 552,981 166,292
TOTAL LIABILITIES 6,082,271 4,156,655
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Series D preferred stock: 111 shares issued and outstanding as of December 31, 2022 and 2021, respectively 1,382,023 1,382,023
Common stock, $0.00001 par value; 160,000,000 shares authorized; 9,385,272 and 6,110,125 shares issued and outstanding as of December 31, 2022 and 2021, respectively 94 61
Additional paid-in capital 193,624,445 182,560,859
Accumulated deficit (179,499,043) (150,897,789)
Total stockholders' equity 15,507,519 33,045,154
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 21,589,790 $ 37,201,809