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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 12,253,023 $ 9,837,001
Equity investments 77,939 419,995
Prepaid expenses and other current assets - current 581,373 145,324
Total Current Assets 12,912,335 10,402,320
Note receivable - non-current, including interest receivable of $4,800 and $1,210 at September 30, 2022 and December 31, 2021, respectively 64,800 61,210
Prepaid expenses - non-current 72,285 26,659
Total Assets 13,049,420 10,490,189
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 223,645 417,937
Insurance payable 16,447
Deferred revenue - current portion 72,102 72,102
Total Current Liabilities 312,194 490,039
LONG TERM LIABILITIES:    
Deferred revenue - long-term portion 883,807 937,884
Total Long Term Liabilities 883,807 937,884
Total Liabilities 1,196,001 1,427,923
Commitment and Contingencies (see Note 8)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized
Series B convertible preferred stock, $0.0001 par value, 2,000 shares designated; no shares issued and outstanding at September 30, 2022 and December 31, 2021 ($1,000 per share liquidation value)
Series C convertible preferred stock, $0.0001 par value, 4,280 shares designated; 0 and 227 shares issued and and outstanding at September 30, 2022 and December 31, 2021, respectively ($1,000 per share liquidation value)
Common stock, $0.0001 par value, 500,000,000 shares authorized; 3,138,797 and 1,972,739 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 314 197
Additional paid-in capital 17,361,402 12,324,646
Accumulated deficit (5,508,297) (3,262,577)
Total Stockholders’ Equity 11,853,419 9,062,266
Total Liabilities and Stockholders’ Equity $ 13,049,420 $ 10,490,189