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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
OPERATING AND ADMINISTRATIVE EXPENSES        
Research and development $ 1,196,400 $ 671,169 $ 2,657,146 $ 927,655
Research and development – related party 17,649 165,210 17,649 256,755
General and administrative 453,298 307,363 730,911 698,626
TOTAL OPERATING AND ADMINISTRATIVE EXPENSES 1,667,347 1,143,742 3,405,706 1,883,036
LOSS FROM OPERATIONS (1,667,347) (1,143,742) (3,405,706) (1,883,036)
OTHER (EXPENSE) INCOME        
Interest income 9,291 84,708 23,158 141,601
Interest expense (31,610) (62,873)
Realized gain (loss) on marketable securities 51,534 (118,947) 51,732 (123,379)
TOTAL OTHER INCOME (EXPENSES) 60,825 (65,849) 74,890 (44,651)
LOSS BEFORE TAX (1,606,522) (1,209,591) (3,330,816) (1,927,687)
INCOME TAX EXPENSE
NET LOSS (1,606,522) (1,209,591) (3,330,816) (1,927,687)
Other Comprehensive Loss - net of tax        
Net unrealized gain on marketable securities 42,289 26,587 89,966
Reclassification of realized losses on debt securities (43,434) (43,434)
Foreign exchange translation income (loss) 41 13 233 480
TOTAL COMPREHENSIVE LOSS $ (1,649,915) $ (1,167,289) $ (3,347,430) $ (1,837,241)
Net loss per common share - Basic $ (0.36) $ (0.28) $ (0.75) $ (0.45)
Net loss per common share - Diluted $ (0.36) $ (0.28) $ (0.75) $ (0.45)
Weighted average common shares - Basic 4,443,243 4,330,959 4,443,243 4,326,673
Weighted average common shares - Diluted 4,443,243 4,330,959 4,443,243 4,326,673