Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

v3.21.1
Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 11,075,200 $ 14,039,493
Other receivable - related party 132,648 0
Prepaid expenses 1,578,518 1,456,350
Total current assets 12,786,366 15,495,843
Noncurrent Assets:    
Property and equipment, net 24,105 23,431
Deferred offering costs 334,138 334,138
Total noncurrent assets 358,243 357,569
Total Assets 13,144,609 15,853,412
Current Liabilities:    
Accounts payable 1,057,684 946,330
Accrued expenses 534,940 519,804
Notes payable 309,133 439,294
Total current liabilities 1,901,757 1,905,428
Total Liabilities 1,901,757 1,905,428
Stockholders' Equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized and 0 shares issued and outstanding 0 0
Common stock, $0.001 par value, 75,000,000 shares authorized and 25,352,809 and 23,856,151 shares issued and outstanding, respectively 25,352 23,856
Additional paid-in capital 35,777,247 34,870,471
Accumulated deficit (24,559,747) (20,946,343)
Total Stockholders' Equity 11,242,852 13,947,984
Total Liabilities and Stockholders' Equity $ 13,144,609 $ 15,853,412