Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 12,570,359 $ 17,386,326
Assets held for sale 429,140 0
Prepaid insurance 259,583 188,266
Other prepaid expenses and current assets 92,950 391,655
Total current assets 13,352,032 17,966,247
EQUIPMENT, net 79,665 1,934,100
OTHER ASSETS    
Right-of-use asset, operating lease asset 5,064,184 5,409,574
Security deposit 125,391 273,215
Total other assets 5,189,575 5,682,789
TOTAL ASSETS 18,621,272 25,583,136
CURRENT LIABILITIES    
Accounts payable 258,644 369,505
Accrued expenses and other current liabilities 462,186 1,227,656
Warrant liabilities 3,428,601 0
Operating lease liabilities 500,817 469,118
Finance lease liabilities 0 78,987
Total current liabilities 4,650,248 2,145,266
Long-term operating lease liability 4,834,348 5,214,074
TOTAL LIABILITIES 9,484,596 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 September 30, 2023 and December 31, 2022
Common stock, $0.0001 par value; 250,000,000 shares authorized; 3,729,206 and 1,657,768 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 373 166
Additional paid-in capital 125,610,714 125,337,022
Accumulated deficit (116,474,411) (107,113,392)
TOTAL STOCKHOLDERS' EQUITY 9,136,676 18,223,796
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 18,621,272 $ 25,583,136