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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 6,506,750 $ 6,515,028
Short-term investment securities 2,756,577 748,290
Interest receivable 24,248 10,083
Accounts receivable 237,027 466,159
Prepaid expenses and other current assets 303,066 327,775
Total current assets 9,827,668 8,067,335
Non-current assets:    
Operating lease right-of-use asset, net 92,211 141,439
Other assets 10,396 10,462
Total assets 9,930,275 8,219,236
Current liabilities:    
Accounts payable 482,320 656,445
Accrued expenses 970,462 1,057,164
Deferred research and development obligations 833,813 490,113
Operating lease liability, current portion 54,249 48,059
Total current liabilities 2,448,017 2,251,781
Non-current liabilities:    
Operating lease liability, net of current portion 34,621 88,870
Total liabilities 7,459,985 2,340,651
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, $.0001 par value: Authorized shares - 5,000,000; none issued and outstanding 0 0
Common stock, $.001 par value: Authorized shares - 100,000,000; issued shares - 42,089,301 and 41,064,563, outstanding shares - 29,835,799 and 28,811,061 as of December 31, 2024 and 2023, respectively 42,090 41,065
Additional paid-in capital 107,444,595 105,044,756
Treasury stock, shares held at cost - 12,253,502 (18,929,915) (18,929,915)
Accumulated deficit (86,086,480) (80,277,321)
Total stockholders’ equity 2,470,290 5,878,585
Total liabilities and stockholders’ equity 9,930,275 8,219,236
Nonrelated Party [Member]    
Current liabilities:    
Accrued interest 80,000 0
Non-current liabilities:    
Convertible notes, net of issuance costs 3,911,471 0
Related Party [Member]    
Current liabilities:    
Accrued interest 27,173 0
Non-current liabilities:    
Convertible notes, net of issuance costs $ 1,065,876 $ 0