Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 9,564,988 $ 19,866,358
Prepaid expenses and other current assets 888,225 663,243
Total current assets 10,453,213 20,529,601
Fixed assets, net 1,090,304 418,641
Right-of-use asset, net 502,283 560,334
Long-term assets 23,566 75,000
Other assets 6,214 6,214
TOTAL ASSETS 12,075,580 21,589,790
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 9,178,645 5,478,443
Warrant liability 3,700,000  
Lease liability 58,979 50,847
Total current liabilities 12,937,624 5,529,290
Lease liability, net of current portion 494,003 552,981
TOTAL LIABILITIES 13,431,627 6,082,271
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS' (DEFICIT) EQUITY:    
Common stock, $0.00001 par value; 170,000,000 shares authorized; 20,744,110 and 9,385,272 shares issued and outstanding as of December 31, 2023 and 2022, respectively 207 94
Additional paid-in capital 210,066,630 193,624,445
Accumulated deficit (217,482,539) (179,499,043)
Total stockholders' (deficit) equity (1,356,047) 15,507,519
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY 12,075,580 21,589,790
Series D preferred stock    
STOCKHOLDERS' (DEFICIT) EQUITY:    
Preferred stock 1,382,023 $ 1,382,023
Series E-2 Preferred Stock    
STOCKHOLDERS' (DEFICIT) EQUITY:    
Preferred stock $ 4,677,632