Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 2,454,684 $ 5,964,556
Prepaid Expenses and Other Current Assets 233,382 343,069
Tax Receivables 2,049,965 1,373,041
Total Current Assets 4,738,031 7,680,666
Property and Equipment, Net 8,065 55,177
Restricted Cash 4,267 49,260
Intangible Assets and In-Process R&D, Net 8,813,850 10,743,164
Operating Lease Assets with Right-of-Use 106,890 116,992
Other Assets 40,767 33,000
Total Assets 13,711,870 18,678,259
Current Liabilities:    
Accounts Payable 206,260 1,008,262
Accrued Expenses 1,380,666 1,835,934
Operating Lease Liabilities 47,069 105,782
Contingent Consideration, Short-Term 0 322,385
Total Current Liabilities 1,633,995 3,272,363
Non-Current Liabilities:    
Contingent Consideration 5,128,959 3,309,175
Deferred Tax Liability 779,440 689,121
Non-Current Operating Lease Liabilities 59,822 0
Total Non-Current Liabilities 5,968,221 3,998,296
Total Liabilities 7,602,216 7,270,659
Commitments and Contingencies
Stockholders’ Equity:    
Preferred Stock 4 0
Common Stock, $0.01 Par Value: 50,000,000 shares authorized at December 31, 2023 and 2022; 7,705,640 and 1,796,472 shares issued and outstanding at December 31, 2023 and 2022, respectively 77,078 17,986
Additional Paid-In Capital 153,192,228 146,035,314
Accumulated Deficit (146,976,855) (134,462,959)
Accumulated Other Comprehensive Loss (182,801) (182,741)
Total Stockholders’ Equity 6,109,654 11,407,600
Total Liabilities and Stockholders’ Equity $ 13,711,870 $ 18,678,259