Balance Sheet

v3.23.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and Cash Equivalents	$ 3,426,067	$ 5,964,556
Prepaid Expenses and Other Current Assets	488,950	343,069
Tax Receivables	1,702,967	1,373,041
Total Current Assets	5,617,984	7,680,666
Non-Current Assets:
Property and Equipment, Net	51,349	55,177
Restricted Cash	4,185	49,260
Intangible Assets and In-Process R&D, Net	10,736,914	10,743,164
Operating Lease Assets with Right-of-Use	84,499	116,992
Other Assets	32,669	33,000
Total Assets	16,527,600	18,678,259
Current Liabilities:
Accounts Payable	587,473	1,008,262
Accrued Expenses	1,181,722	1,835,934
Operating Lease Liabilities	73,289	105,782
Contingent Consideration, short-term	313,299	322,385
Total Current Liabilities	2,155,783	3,272,363
Non-Current Liabilities:
Contingent Consideration	3,527,187	3,309,175
Deferred Tax Liability	689,121	689,121
Total Non-Current Liabilities	4,216,308	3,998,296
Total Liabilities	6,372,091	7,270,659
Commitments and Contingencies (Note 8)
Stockholders' Equity:
Preferred Stock, $0.01 Par Value: 10,000,000 shares authorized	0	0
Common Stock, $0.01 Par Value: 50,000,000 shares authorized; 1,919,270 and 1,796,472 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	19,214	17,986
Additional Paid-In Capital	146,683,202	146,035,314
Accumulated Deficit	(136,331,495)	(134,462,959)
Accumulated Other Comprehensive Loss	(215,412)	(182,741)
Total Stockholders’ Equity	10,155,509	11,407,600
Total Liabilities and Stockholders’ Equity	$ 16,527,600	$ 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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