Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 6,575,394 $ 2,454,684
Short-Term Investments 21,242,671 0
Prepaid Expenses and Other Current Assets 339,646 233,382
Collaboration Receivables 1,341,297 0
Tax and Other Receivables 2,331,797 2,049,965
Total Current Assets 31,830,805 4,738,031
Non-Current Assets:    
Property and Equipment, Net 63,487 8,065
Restricted Cash 4,179 4,267
Intangible Assets and In-Process R&D, Net 8,801,350 8,813,850
Operating Lease Assets with Right-of-Use 82,322 106,890
Other Assets 32,122 40,767
Total Assets 40,814,265 13,711,870
Current Liabilities:    
Accounts Payable 268,638 206,260
Accrued Expenses 1,345,192 1,380,666
Operating Lease Liabilities 42,126 47,069
Total Current Liabilities 1,655,956 1,633,995
Non-Current Liabilities:    
Contingent Consideration 5,236,999 5,128,959
Deferred Tax Liability 779,440 779,440
Operating Lease Liabilities 40,197 59,822
Total Non-Current Liabilities 6,056,636 5,968,221
Total Liabilities 7,712,592 7,602,216
Commitments and Contingencies (Note 8)
Stockholders’ Equity:    
Preferred Stock 4 4
Common Stock, $0.01 Par Value: 150,000,000 and 50,000,000 shares authorized; 2,970,545 and 856,182 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 267,373 77,078
Additional Paid-In Capital 168,825,325 153,192,228
Accumulated Deficit (135,745,294) (146,976,855)
Accumulated Other Comprehensive Loss (245,735) (182,801)
Total Stockholders’ Equity 33,101,673 6,109,654
Total Liabilities and Stockholders’ Equity $ 40,814,265 $ 13,711,870