Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.23.3
Condensed Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 4,786,117 $ 7,030,992
Prepaid expenses and other current assets 462,788 1,338,764
Total current assets 5,248,905 8,369,756
Total assets 5,248,905 8,369,756
Current liabilities:    
Accounts payable 205,369 573,164
Accrued expenses 281,775 470,098
Total current liabilities 487,144 1,043,262
Total liabilities 487,144 1,043,262
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 September 30, 2023, respectively; and 18,330,390 shares issued and outstanding at December 31, 2022 1,926 1,833
Preferred stock, $0.0001 par value; 2,000,000 shares authorized, no shares issued and outstanding at September 30, 2023 and December 31, 2022
Additional paid-in capital 65,424,994 63,497,868
Accumulated deficit (60,366,049) (56,173,207)
Stockholders' equity before treasury stock 5,060,871 7,326,494
Less: Treasury stock, 192,951 shares of common stock at cost (299,110)  
Total stockholders' equity 4,761,761 7,326,494
Total liabilities and stockholders' equity $ 5,248,905 $ 8,369,756