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Note 3 - Balance Sheet Components

6 Months Ended

Jun. 30, 2022

Supplemental Balance Sheet Disclosures [Text Block]

3. Balance Sheet Components

Prepaid Expenses – Prepaid expenses consist of the following:

	June 30, 2022		December 31, 2021
Prepaid clinical trial expenses	$	1,020,352	$	-
Prepaid insurance premiums		42,383		123,248
Prepaid rent		13,045		13,045
Other prepaid expenses		60,000		19,947
Total prepaid expenses	$	1,135,780	$	156,240

Property and Equipment – Property and equipment consist of the following:

	June 30, 2022			December 31, 2021
Equipment and furnishings	$	673,937		$	591,554
Leasehold improvements		115,605			115,605
Total property and equipment		789,542			707,159
Accumulated depreciation and amortization		(574,759	)		(550,221	)
Total property and equipment, net	$	214,783		$	156,938

Other Assets – Other assets consist of the following:

	June 30, 2022		December 31, 2021
Prepaid clinical trial expenses	$	976,498	$	-
Lease deposit		11,010		11,010
Total other assets	$	987,508	$	11,010

Accrued Expenses – Accrued expenses consist of the following:

	June 30, 2022		December 31, 2021
Accrued technology license fees – current portion	$	3,000,000	$	3,000,000
Accrued compensation		4,583		269,000
Other accrued expenses		125,970		108,826
Total accrued expenses	$	3,130,553	$	3,377,826

Other Liabilities – Other liabilities were $2,000,000 at June 30, 2022 and December 31, 2021 and consist of the noncurrent portion of accrued technology license fees.