v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 3,771,024 $ 3,792,322
Short-Term Investments 20,334,831 22,999,760
Prepaid Expenses and Other Current Assets 941,542 2,042,487
Collaboration Receivables 1,337,604 601,197
Tax Receivables 722,290 270,246
Total Current Assets 27,107,291 29,706,012
Non-Current Assets:    
Property and Equipment, Net 4,984 5,232
Restricted Cash 4,081 4,057
Intangible Assets and In-Process R&D, Net 6,687,100 6,687,100
Operating Lease Right-of-Use Assets 152,083 57,170
Other Assets 64,323 24,913
Total Assets 34,019,862 36,484,484
Current Liabilities:    
Accounts Payable 942,492 415,590
Accrued Expenses 3,522,003 4,588,657
Accrued Collaboration Credit 738,584 981,111
Operating Lease Liabilities 71,554 23,355
Total Current Liabilities 5,274,633 6,008,713
Non-Current Liabilities:    
Contingent Consideration 4,466,682 4,191,490
Deferred Tax Liability 490,690 490,690
Non-Current Operating Lease Liabilities 87,470 33,815
Total Non-Current Liabilities 5,044,842 4,715,995
Total Liabilities 10,319,475 10,724,708
Commitments and Contingencies (Note 8)
Stockholders’ Equity:    
Preferred Stock, $0.01 Par Value: 10,000,000 shares authorized; 3,750 designated Series A, 0 shares issued and outstanding; 10,000 designated Series B, 0 shares issued and outstanding; 10,000 shares designated Series C, 0 shares issued and outstanding; 20,000 shares designated Series D, 7 shares issued and outstanding; 1,280 shares designated Series E, 0 shares issued and outstanding; 3,908 shares designated Series F, 420 issued and outstanding at March 31, 2025 and December 31, 2024, respectively 4 4
Common Stock, $0.01 Par Value: 150,000,000 shares authorized; 3,000,788 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 267,679 267,679
Additional Paid-In Capital 169,304,991 169,156,374
Accumulated Deficit (145,575,102) (143,382,122)
Accumulated Other Comprehensive Loss (297,185) (282,159)
Total Stockholders’ Equity 23,700,387 25,759,776
Total Liabilities and Stockholders’ Equity $ 34,019,862 $ 36,484,484

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