Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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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