Balance Sheet

v3.24.0.1
CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 274,380 $ 1,799,263
Accounts receivable 3,735 0
Prepaid expenses 147,262 102,416
Total current assets 425,377 1,901,679
PROPERTY AND EQUIPMENT, NET 0 0
OTHER ASSETS:    
Operating lease - right of use asset 98,280 189,282
Security deposit 32,058 32,058
Total other assets 130,338 221,340
TOTAL ASSETS 555,715 2,123,019
CURRENT LIABILITIES:    
Accounts payable 993,090 490,670
Accounts payable - related party 172,670 0
Current portion of long-term operating lease 106,342 99,259
Convertible debentures payable 240,000 240,000
Deferred R&D obligations - participation agreements 0 525,904
Deferred R&D obligations - participation agreements related parties 0 175,427
Accrued interest 100,686 98,286
Accrued liabilities - employee bonus 1,148,770 398,176
Total current liabilities 2,761,558 2,027,722
LONG TERM LIABILITIES:    
Long-term operating lease, net of current portion 0 105,919
Total long-term liabilities 0 105,919
TOTAL LIABILITIES 2,761,558 2,133,641
STOCKHOLDERS' (DEFICIT):    
Common stock, $0.001 par value, 25,000,000 and 25,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 2,382,356 and 1,569,943 issued and outstanding at December 31, 2023, and December 31, 2022, respectively 2,383 1,570
Additional paid-in capital 121,373,488 115,792,338
Accumulated deficit (123,581,714) (115,804,530)
Total stockholders' (deficit) (2,205,843) (10,622)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) $ 555,715 $ 2,123,019

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