v3.25.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:      
Cash and cash equivalents $ 3,136,880 $ 3,905,799 $ 3,524,308
Short-term investments 2,314,550 3,174,724 4,140,880
Prepaid expenses and other current assets 152,731 30,957 15,970
Total Current Assets 5,604,161 7,111,480 7,681,158
LONG-TERM ASSETS:      
Prepaid expenses and other assets - non-current 57,685 59,145 64,983
Intangible assets, net 238,123 241,215
Total Long-Term Assets 295,808 300,360 64,983
Total Assets 5,899,969 7,411,840 7,746,141
CURRENT LIABILITIES:      
Accounts payable and accrued expenses 1,113,201 1,583,895 703,488
Deferred revenue - current portion 72,102 72,102 72,102
Total Current Liabilities 1,185,303 1,655,997 775,590
LONG TERM LIABILITIES:      
Deferred revenue - long-term portion 703,553 721,578 793,680
Total Long Term Liabilities 703,553 721,578 793,680
Total Liabilities 1,888,856 2,377,575 1,569,270
Commitment and Contingencies (see Note 7)
STOCKHOLDERS’ EQUITY:      
Preferred stock, value
Common stock, value 449 449 316
Additional paid-in capital 20,296,088 20,296,088 17,525,714
Treasury stock, at cost (0 and 252,855 shares on December 31, 2024 and 2023, respectively)   (471,121)
Accumulated other comprehensive income 10,704 2,419 (6,227)
Accumulated deficit (16,296,128) (15,264,691) (10,871,811)
Total Stockholders’ Equity 4,011,113 5,034,265 6,176,871
Total Liabilities and Stockholders’ Equity $ 5,899,969 $ 7,411,840 $ 7,746,141