Balance Sheet

v3.24.1.1.u2

BALANCE SHEETS - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 2,379,532	$ 3,316,946
Prepaid expenses and other current assets	845,079	848,496
Total current assets	3,224,611	4,165,442
Total assets	3,224,611	4,165,442
Current liabilities:
Accounts payable	196,759	111,913
Accrued expenses	373,324	246,635
Total current liabilities	570,083	358,548
Total liabilities	570,083	358,548
Commitments and contingencies (Note 8)
Stockholders' equity:
Common stock, $0.0001 par value; 43,000,000 shares authorized; 19,450,888 and 19,257,937 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	1,926	1,926
Preferred stock, $0.0001 par value; 2,000,000 shares authorized, no shares issued and outstanding at March 31, 2024 and December 31, 2023
Additional paid-in capital	65,712,269	65,573,300
Accumulated deficit	(62,760,557)	(61,469,222)
Stockholders' equity before treasury stock	2,953,638	4,106,004
Less: Treasury stock, 192,951 shares of common stock at cost	(299,110)	(299,110)
Total stockholders' equity	2,654,528	3,806,894
Total liabilities and stockholders' equity	$ 3,224,611	$ 4,165,442

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Balance Sheet

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