Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 13,845,045 $ 17,386,326
Prepaid insurance 45,444 188,266
Other prepaid expenses and current assets 323,102 391,655
Total current assets 14,213,591 17,966,247
EQUIPMENT, net 1,697,994 1,934,100
OTHER ASSETS    
Right-of-use asset, operating lease asset 5,296,545 5,409,574
Security deposit 250,783 273,215
Total other assets 5,547,328 5,682,789
TOTAL ASSETS 21,458,913 25,583,136
CURRENT LIABILITIES    
Accounts payable 590,189 369,505
Accrued expenses and other current liabilities 800,565 1,227,656
Operating lease liabilities 479,493 469,118
Finance lease liabilities 49,816 78,987
Total current liabilities 1,920,063 2,145,266
Long-term operating lease liability 5,090,757 5,214,074
TOTAL LIABILITIES 7,010,820 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 March 31, 2023 and December 31, 2022
Common stock, $0.0001 par value; 250,000,000 shares authorized; 33,810,356 and 33,155,356 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 3,381 3,315
Additional paid-in capital 125,651,217 125,333,873
Accumulated deficit (111,206,505) (107,113,392)
TOTAL STOCKHOLDERS' EQUITY 14,448,093 18,223,796
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 21,458,913 $ 25,583,136