XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 17,742,334 $ 20,199,735
Accounts receivable 278
Digital currencies and other digital assets 105,248  
Prepaid expenses 201,005 376,973
Total Current Assets 18,048,587 20,576,986
OTHER ASSETS:    
Property and equipment, net 72,282 53,720
Operating lease right-of-use asset, net 172,743 184,309
Total Other Assets 245,025 238,029
Total Assets 18,293,612 20,815,015
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 350,041 517,039
Operating lease liability, current portion 57,013 53,897
Contract liabilities 8,069 8,850
Due to related party   203
Total Current Liabilities 415,123 579,989
LONG-TERM LIABILITIES:    
Operating lease liability, less current portion 135,463 151,012
Total Long-Term Liabilities 135,463 151,012
Total Liabilities 550,586 731,001
Commitments and Contingencies (Note 6)
STOCKHOLDERS’ EQUITY:    
Preferred stock ($0.0001 par value; 20,000,000 shares authorized) Series A Preferred stock ($0.0001 Par Value; 1 Share authorized; none issued and outstanding at March 31, 2022 and December 31, 2021)
Common stock ($0.0001 par value; 180,000,000 shares authorized; 19,597,419 shares issued and outstanding at March 31, 2022 and December 31, 2021) 1,960 1,960
Common stock to be issued (1,389 shares at March 31, 2022 and December 31, 2021)
Additional paid-in capital 48,697,458 47,672,600
Accumulated deficit (30,956,392) (27,590,546)
Total Stockholders’ Equity 17,743,026 20,084,014
Total Liabilities and Stockholders’ Equity $ 18,293,612 $ 20,815,015