v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 6,936,620 $ 1,191,325
Prepaid expenses and other 217,201 682,294
Total Current Assets 7,153,821 1,873,619
Property and Equipment, net 4,414 5,016
Non-current Assets    
Prepaid expenses 993,701 1,274,442
Total Non-current Assets 993,701 1,274,442
Other Assets    
Right-of-use assets, net 24,318 70,677
Other 5,535 5,535
Total Other Assets 29,853 76,212
Total Assets 8,181,789 3,229,289
Current Liabilities    
Current maturities of lease liability 25,584 73,020
Accounts payable 785,754 880,880
Accrued expenses 1,263,243 578,731
Total Current Liabilities 2,074,581 1,532,631
Non-current Liabilities    
Non-current lease liability 487
Total Liabilities 2,074,581 1,533,118
Commitments and Contingencies
Stockholders’ Equity    
Preferred stock, par value $0.0001, 1,000,000 shares authorized; no shares issued or outstanding at June 30, 2025 or December 31, 2024
Common stock, par value $0.0001, 100,000,000 shares authorized; 40,289,356 issued and 40,284,356 outstanding at June 30, 2025; and 3,707,628 issued and 3,702,628 outstanding at December 31, 2024 4,029 371
Additional paid-in capital 100,390,701 89,214,999
Treasury stock, 5,000 shares (300,000) (300,000)
Accumulated deficit (93,987,522) (87,219,199)
Total Stockholders’ Equity 6,107,208 1,696,171
Total Liabilities and Stockholders’ Equity $ 8,181,789 $ 3,229,289