Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 12,682,691 $ 19,866,358
Prepaid expenses and other current assets 1,163,745 663,243
Total current assets 13,846,436 20,529,601
Fixed assets, net 376,084 418,641
Right-of-use asset, net 546,505 560,334
Long-term and other assets 63,217 75,000
Other assets 6,214 6,214
TOTAL ASSETS 14,838,456 21,589,790
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 6,904,545 5,478,443
Lease liability 51,106 50,847
Total current liabilities 6,955,651 5,529,290
Long-term lease liability, net of current portion 548,344 552,981
TOTAL LIABILITIES 7,503,995 6,082,271
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.00001 par value; 7,000 shares authorized; Series D preferred stock: 111 issued and outstanding as of March 31, 2023 and December 31, 2022 1,382,023 1,382,023
Common stock, $0.00001 par value; 160,000,000 shares authorized; 9,740,507 and 9,385,272 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 97 94
Additional paid-in capital 194,032,651 193,624,445
Accumulated deficit   (179,499,043)
Total stockholders' equity 7,334,461 15,507,519
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,838,456 $ 21,589,790