Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

v3.22.1
Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 12,440,498 $ 5,004,517
Prepaid expenses 2,292,672 2,472,933
Total current assets 14,733,170 7,477,450
Noncurrent Assets:    
Prepaid expenses, net of current portion 791,825 929,688
Property and equipment, net 12,734 16,109
Deferred offering costs 334,138 334,138
Total noncurrent assets 1,138,697 1,279,935
Total Assets 15,871,867 8,757,385
Current Liabilities:    
Accounts payable 489,716 1,522,823
Accrued expenses 307,012 224,949
Notes payable 272,572 387,794
Total current liabilities 1,069,300 2,135,566
Total Liabilities 1,069,300 2,135,566
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 40,032,481 and 27,927,217 shares issued and outstanding, respectively 40,032 27,927
Additional paid-in capital 52,529,795 41,576,813
Accumulated deficit (37,767,260) (34,982,921)
Total Stockholders' Equity 14,802,567 6,621,819
Total Liabilities and Stockholders' Equity $ 15,871,867 $ 8,757,385