v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 12,064,142 $ 16,497,581
Due from tax agencies 70,274
Prepaid expenses and other 1,896,633 1,759,296
Total Current Assets 13,960,775 18,327,151
Property and Equipment, net
Other Assets    
Operating lease right-of-use assets, net of accumulated amortization 28,890 74,181
Intangible assets, net of accumulated amortization 7,662,390 8,056,638
Security deposit 5,535 5,535
Total Other Assets 7,696,815 8,136,354
Total Assets 21,657,590 26,463,505
Current Liabilities    
Current maturities of operating lease liability 26,552 71,078
Accounts payable 648,104 218,905
Due to licensor 589,000 400,000
Due to related parties 1,772
Accrued expenses 307,412 279,265
Total Current Liabilities 1,571,068 971,020
Non-current Liabilities    
Non-current operating lease liability 4,655 7,385
Total Liabilities 1,575,723 978,405
Commitments and Contingencies
Stockholders’ Equity    
Common stock, par value $0.0001, 50,000,000 shares authorized: 15,919,317 issued and 15,819,317 outstanding at June 30, 2022, and 15,710,246 issued and outstanding at December 31, 2021 1,592 1,571
Additional paid-in capital 65,595,106 62,306,861
Treasury stock at cost — 100,000 shares at June 30, 2022 (300,000)
Accumulated deficit (45,214,831) (36,823,332)
Total Stockholders’ Equity 20,081,867 25,485,100
Total Liabilities and Stockholders’ Equity $ 21,657,590 $ 26,463,505

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