Quarterly report [Sections 13 or 15(d)]

Cover
- Cover
Financial Statements
Notes to Financial Statements
Notes Tables
Notes Details

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.2

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,973,745	$ 864,840
Prepaid expenses and other current assets	165,963	607,670
Total current assets	2,139,708	1,472,510
Total assets	2,139,708	1,472,510
Current liabilities:
Accounts payable and accrued expenses	1,267,423	1,355,867
Short-term notes payable, net of debt issuance costs	3,000,000	328,528
Total liabilities	4,267,423	1,684,395
Stockholders’ deficit:
Preferred stock, no par value; 50,000,000 shares authorized; 7,488,692 and 7,488,692 Series F outstanding at June 30, 2025, and December 31, 2024, respectively
Common stock, $0.001 par value; 350,000,000 shares authorized; 822,927 and 419,003 shares issued and outstanding at June 30, 2025, and December 31, 2024, respectively	823	419
Additional paid-in capital	219,146,662	216,573,868
Accumulated deficit	(221,275,200)	(216,786,172)
Total stockholders’ deficit	(2,127,715)	(211,885)
Total liabilities and stockholders’ deficit	$ 2,139,708	$ 1,472,510

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.