Balance Sheet

v3.24.3

Condensed Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash	$ 2,039,819	$ 3,316,946
Prepaid expenses and other current assets	243,430	848,496
Total current assets	2,283,249	4,165,442
Total assets	2,283,249	4,165,442
Current liabilities:
Accounts payable	454,962	111,913
Accrued expenses	878,856	246,635
Total current liabilities	1,333,818	358,548
Total liabilities	1,333,818	358,548
Commitments and contingencies (Note 8)
Stockholders' equity:
Common stock, $0.0001 par value; 43,000,000 shares authorized; 1,118,035 and 1,110,317 shares issued and outstanding at September 30, 2024, respectively; and 778,035 and 770,317 shares issued and outstanding at December 31, 20233, respectively	111	77
Preferred stock, $0.0001 par value; 2,000,000 shares authorized, no shares issued and outstanding at September 30, 2024 and December 31, 2023
Additional paid-in capital	67,339,522	65,575,167
Accumulated deficit	(66,091,074)	(61,469,222)
Stockholders' equity before treasury stock	1,248,559	4,106,022
Less: Treasury stock, 7,718 shares of common stock at cost	(299,128)	(299,128)
Total stockholders' equity	949,431	3,806,894
Total liabilities and stockholders' equity	$ 2,283,249	$ 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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