Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 14,747,424 $ 17,386,326
Prepaid insurance 370,833 188,266
Other prepaid expenses and current assets 399,414 391,655
Total current assets 15,517,671 17,966,247
EQUIPMENT, net 1,509,127 1,934,100
OTHER ASSETS    
Right-of-use asset, operating lease asset 5,181,436 5,409,574
Security deposit 125,391 273,215
Total other assets 5,306,827 5,682,789
TOTAL ASSETS 22,333,625 25,583,136
CURRENT LIABILITIES    
Accounts payable 322,131 369,505
Accrued expenses and other current liabilities 1,051,501 1,227,656
Warrant liabilities 4,239,496 0
Operating lease liabilities 490,057 469,118
Finance lease liabilities 20,108 78,987
Total current liabilities 6,123,293 2,145,266
Long-term operating lease liability 4,964,011 5,214,074
TOTAL LIABILITIES 11,087,304 7,359,340
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2023 and December 31, 2022
Common stock, $0.0001 par value; 250,000,000 shares authorized; 1,878,146 and 1,657,768 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 188 166
Additional paid-in capital 125,899,432 125,337,022
Accumulated deficit (114,653,299) (107,113,392)
TOTAL STOCKHOLDERS' EQUITY 11,246,321 18,223,796
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 22,333,625 $ 25,583,136