Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 14,008,184 $ 29,795,366
Prepaid expenses and other current assets 1,768,503 1,677,365
Total current assets 15,776,687 31,472,731
Total assets 15,776,687 31,472,731
Current liabilities:    
Accounts payable 353,863 368,905
Accrued expenses 921,760 784,104
Accrued salaries 0 378,833
Total current liabilities 1,275,623 1,531,842
Total liabilities 1,275,623 1,531,842
Commitments and contingencies (Note 10)
Stockholders' equity:    
Common stock, $0.0001 par value; 43,000,000 shares authorized, 8,330,390 and 8,305,075 shares issued and outstanding at December 31, 2021 and 2020, respectively 833 830
Preferred stock, $0.0001 par value; 2,000,000 shares authorized, no shares issued and outstanding at December 31, 2021 and 2020
Additional paid-in capital 58,425,604 57,905,164
Accumulated deficit (43,925,373) (27,965,105)
Total stockholders' equity 14,501,064 29,940,889
Total liabilities and stockholders' equity $ 15,776,687 $ 31,472,731