Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 35,974,251	$ 45,686,014
Prepaid expenses and other current assets	551,072	315,464
Total current assets	36,525,323	46,001,478
Total assets	36,525,323	46,001,478
Current liabilities:
Accounts payable	901,841	688,074
Accrued expenses	397,544	818,440
Total current liabilities	1,299,385	1,506,514
Total liabilities	1,299,385	1,506,514
Commitments and contingencies (Note 7)
Stockholders' equity
Preferred stock - $0.0001 par value, 2,000,000 shares authorized and 0 shares issued and outstanding
Common stock - $0.0001 par value, 35,000,000 shares authorized and 8,163,923 and 8,100,570 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	816	810
Additional paid-in capital	78,563,673	73,220,361
Accumulated deficit	(43,338,551)	(28,726,207)
Total stockholders' equity	35,225,938	44,494,964
Total liabilities and stockholders' equity	$ 36,525,323	$ 46,001,478

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Includes accrued interest and obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.

No definition available.