Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 3,316,946 $ 7,030,992
Prepaid expenses and other current assets 848,496 1,338,764
Total current assets 4,165,442 8,369,756
Total assets 4,165,442 8,369,756
Current liabilities:    
Accounts payable 111,913 573,164
Accrued expenses 246,635 470,098
Total current liabilities 358,548 1,043,262
Total liabilities 358,548 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 December 31, 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 December 31, 2023 and 2022
Additional paid-in capital 65,573,300 63,497,868
Accumulated deficit (61,469,222) (56,173,207)
Stockholders' equity before treasury stock 4,106,004 7,326,494
Less: Treasury stock, 192,951 shares of common stock at cost (299,110)  
Total stockholders' equity 3,806,894 7,326,494
Total liabilities and stockholders' equity $ 4,165,442 $ 8,369,756