| Supplemental Balance Sheet Disclosures [Text Block] |
|
3.
|
Balance Sheet Components
|
Prepaid Expenses – Prepaid expenses consist of the following:
| |
|
June 30,
2025
|
|
|
December 31,
2024
|
|
|
Prepaid clinical trial costs
|
|
$ |
1,412,311 |
|
|
$ |
1,524,813 |
|
|
Prepaid insurance premiums
|
|
|
73,559 |
|
|
|
220,675 |
|
|
Prepaid rent
|
|
|
13,045 |
|
|
|
13,045 |
|
|
Other prepaid expenses
|
|
|
10,000 |
|
|
|
10,000 |
|
|
Total prepaid expenses
|
|
$ |
1,508,915 |
|
|
$ |
1,768,533 |
|
Property and Equipment – Property and equipment consist of the following:
| |
|
June 30,
2025
|
|
|
December 31,
2024
|
|
|
Equipment and furnishings
|
|
$ |
823,023 |
|
|
$ |
795,411 |
|
|
Leasehold improvements
|
|
|
115,605 |
|
|
|
115,605 |
|
|
Total property and equipment
|
|
|
938,628 |
|
|
|
911,016 |
|
|
Accumulated depreciation and amortization
|
|
|
(794,766 |
) |
|
|
(761,042 |
) |
|
Total property and equipment, net
|
|
$ |
143,862 |
|
|
$ |
149,974 |
|
Other Assets – Other assets consist of the following:
| |
|
June 30,
2025
|
|
|
December 31,
2024
|
|
|
Prepaid technology license fees
|
|
$ |
60,000 |
|
|
$ |
60,000 |
|
|
Deposits
|
|
|
11,010 |
|
|
|
11,010 |
|
|
Total other assets
|
|
$ |
71,010 |
|
|
$ |
71,010 |
|
Accrued Expenses – Accrued expenses consist of the following:
| |
|
June 30,
2025
|
|
|
December 31,
2024
|
|
|
Payroll-related liabilities
|
|
$ |
212,483 |
|
|
$ |
986,691 |
|
|
Other accrued expenses
|
|
|
486,293 |
|
|
|
270,881 |
|
|
Total accrued expenses
|
|
$ |
699,076 |
|
|
$ |
1,257,572 |
|
|