Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

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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