Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 31,276,330 $ 2,454,684
Prepaid Expenses and Other Current Assets 206,671 233,382
Collaboration Receivables 189,905 0
Tax Receivables 1,808,787 2,049,965
Total Current Assets 33,481,693 4,738,031
Non-Current Assets:    
Property and Equipment, Net 12,918 8,065
Restricted Cash 4,084 4,267
Intangible Assets and In-Process R&D, Net 8,807,600 8,813,850
Operating Lease Assets with Right-of-Use 94,298 106,890
Other Assets 39,414 40,767
Total Assets 42,440,007 13,711,870
Current Liabilities:    
Accounts Payable 323,062 206,260
Accrued Expenses 1,222,078 1,380,666
Operating Lease Liabilities 47,851 47,069
Total Current Liabilities 1,592,991 1,633,995
Non-Current Liabilities:    
Contingent Consideration 5,116,765 5,128,959
Deferred Tax Liability 779,440 779,440
Operating Lease Liabilities 46,448 59,822
Total Non-Current Liabilities 5,942,653 5,968,221
Total Liabilities 7,535,644 7,602,216
Commitments and Contingencies (Note 8)
Stockholders’ Equity:    
Preferred Stock 4 4
Common Stock, $0.01 Par Value: 50,000,000 shares authorized; 26,256,197 and 7,705,640 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 262,584 77,078
Additional Paid-In Capital 168,429,797 153,192,228
Accumulated Deficit (133,523,648) (146,976,855)
Accumulated Other Comprehensive Loss (264,374) (182,801)
Total Stockholders’ Equity 34,904,363 6,109,654
Total Liabilities and Stockholders’ Equity $ 42,440,007 $ 13,711,870