Balance Sheet

v3.23.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and Cash Equivalents	$ 7,951,650	$ 5,964,556
Prepaid Expenses and Other Current Assets	266,500	343,069
Tax Receivables	804,511	1,373,041
Total Current Assets	9,022,661	7,680,666
Non-Current Assets:
Property and Equipment, Net	44,883	55,177
Restricted Cash	4,150	49,260
Intangible Assets and In-Process R&D, Net	10,730,664	10,743,164
Operating Lease Assets with Right-of-Use	50,219	116,992
Other Assets	32,366	33,000
Total Assets	19,884,943	18,678,259
Current Liabilities:
Accounts Payable	131,319	1,008,262
Accrued Expenses	1,399,034	1,835,934
Operating Lease Liabilities	39,009	105,782
Contingent Consideration, short-term	313,853	322,385
Total Current Liabilities	1,883,215	3,272,363
Non-Current Liabilities:
Contingent Consideration	3,670,252	3,309,175
Deferred Tax Liability	689,121	689,121
Total Non-Current Liabilities	4,359,373	3,998,296
Total Liabilities	6,242,588	7,270,659
Commitments and Contingencies (Note 8)
Stockholders' Equity:
Preferred Stock, $0.01 Par Value: 10,000,000 shares authorized	10	0
Common Stock, $0.01 Par Value: 50,000,000 shares authorized; 6,910,720 and 1,796,472 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	69,129	17,986
Additional Paid-In Capital	152,744,385	146,035,314
Accumulated Deficit	(138,945,308)	(134,462,959)
Accumulated Other Comprehensive Loss	(225,861)	(182,741)
Total Stockholders’ Equity	13,642,355	11,407,600
Total Liabilities and Stockholders’ Equity	$ 19,884,943	$ 18,678,259

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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