Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 5,152,972 $ 19,866,358
Prepaid expenses and other current assets 456,679 663,243
Total current assets 5,609,651 20,529,601
Fixed assets, net 337,434 418,641
Right-of-use asset, net 532,300 560,334
Long-term assets 23,566 75,000
Other assets 6,214 6,214
TOTAL ASSETS 6,509,165 21,589,790
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 6,391,673 5,478,443
Lease liability 53,640 50,847
Total current liabilities 6,445,313 5,529,290
Long-term lease liability, net of current portion 530,856 552,981
TOTAL LIABILITIES 6,976,169 6,082,271
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' (DEFICIT) EQUITY:    
Preferred stock, $0.00001 par value; 7,000 shares authorized; Series D preferred stock: 111 issued and outstanding as of June 30, 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 June 30, 2023 and December 31, 2022, respectively 97 94
Additional paid-in capital 194,452,408 193,624,445
Accumulated deficit (196,301,532) (179,499,043)
Total stockholders' (deficit) equity (467,004) 15,507,519
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 6,509,165 $ 21,589,790