General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEET

v3.23.1
CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 1,799,263 $ 8,901,875
Prepaid expenses 102,416 58,078
Total current assets 1,901,679 8,959,953
PROPERTY AND EQUIPMENT, NET 0 0
OTHER ASSETS:    
Operating lease - right of use asset 189,282 27,225
Security deposit 32,058 3,000
Total other assets 221,340 30,225
TOTAL ASSETS 2,123,019 8,990,178
CURRENT LIABILITIES:    
Accounts payable 490,670 654,333
Current portion of long-term operating lease 99,259 15,178
Convertible debentures payable 240,000 240,000
Deferred R&D obligations - participation agreements 525,904 1,106,320
Deferred R&D obligations - participation agreements related parties 175,427 369,037
Accrued interest 98,286 95,886
Accrued liabilities - payroll and directors fees 398,176 467,215
Total current liabilities 2,027,722 2,947,969
LONG TERM LIABILITIES:    
Long-term operating lease, net of current portion 105,919 0
Total long-term liabilities 105,919 0
TOTAL LIABILITIES 2,133,641 2,947,969
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $0.001 par value, 150,000,000 and 150,000,000 shares authorized as of December 31, 2022 and December 31, 2021; 9,419,660 and 9,419,660 issued and outstanding at December 31, 2022, and December 31, 2021, respectively 9,420 9,420
Additional paid-in capital 115,784,488 113,092,026
Accumulated deficit (115,804,530) (107,059,237)
Total stockholders' equity (deficit) (10,622) 6,042,209
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 2,123,019 $ 8,990,178