XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 6,133,398 $ 6,515,028
Short-term investment securities 3,964,517 748,290
Interest receivable 28,160 10,083
Accounts receivable 249,806 466,159
Prepaid expenses and other current assets 126,720 327,775
Total current assets 10,502,601 8,067,335
Non-current assets:    
Operating lease right-of-use asset, net 117,346 141,439
Other assets 10,425 10,462
Total assets 10,630,372 8,219,236
Current liabilities:    
Accounts payable 432,521 656,445
Accrued expenses 870,597 1,057,164
Deferred research and development obligations 482,323 490,113
Operating lease liability, current portion 51,075 48,059
Total current liabilities 1,948,516 2,251,781
Non-current liabilities:    
Operating lease liability, net of current portion 62,631 88,870
Total liabilities 7,462,190 2,340,651
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $.0001 par value: Authorized shares - 5,000,000; none issued and outstanding 0 0
Authorized shares - 100,000,000; issued shares - 41,731,141 and 41,064,563, outstanding shares - 29,477,639 and 28,811,061 as of June 30, 2024, and December 31, 2023, respectively 41,732 41,065
Additional paid-in capital 106,388,505 105,044,756
Treasury stock, shares held at cost - 12,253,502 (18,929,915) (18,929,915)
Accumulated deficit (84,332,140) (80,277,321)
Total stockholders’ equity 3,168,182 5,878,585
Total liabilities and stockholders’ equity 10,630,372 8,219,236
Nonrelated Party [Member]    
Current liabilities:    
Accrued interest 80,000 0
Non-current liabilities:    
Convertible notes, net of issuance costs 3,893,602 0
Related Party [Member]    
Current liabilities:    
Accrued interest 32,000 0
Non-current liabilities:    
Convertible notes, net of issuance costs $ 1,557,441 $ 0