Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 5,004,517 $ 14,039,493
Prepaid expenses 2,472,933 1,456,350
Total current assets 7,477,450 15,495,843
Noncurrent Assets:    
Prepaid expenses, net of current portion 929,688 0
Property and equipment, net 16,109 23,431
Deferred offering costs 334,138 334,138
Total noncurrent assets 1,279,935 357,569
Total Assets 8,757,385 15,853,412
Current Liabilities:    
Accounts payable 1,522,823 946,330
Accrued expenses 224,949 519,804
Notes payable 387,794 439,294
Total current liabilities 2,135,566 1,905,428
Total Liabilities 2,135,566 1,905,428
Commitments and contingencies
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 27,927,217 and 23,856,151 shares issued and outstanding, respectively 27,927 23,856
Additional paid-in capital 41,576,813 34,870,471
Accumulated deficit (34,982,921) (20,946,343)
Total Stockholders' Equity 6,621,819 13,947,984
Total Liabilities and Stockholders' Equity $ 8,757,385 $ 15,853,412