v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 67,412,614 $ 1,256,453
Restricted cash 9,080,202 9,080,202
Prepaid expenses 664,604 194,259
Other current assets 2,650,809 1,119,929
Total current assets 79,808,229 11,650,843
Property and equipment, net 1,516,612 43,276
Operating lease right-of-use asset 184,509 237,983
Other assets 26,310 8,309
Total assets 81,535,660 11,940,411
Current liabilities    
Accounts payable 780,025 1,155,785
Accrued interest - related party 0 126,027
Accrued payroll liabilities 903,271 888,381
Accrued interest - legal contingency 0 234,750
Other current liabilities 2,065,658 998,552
Estimate for accrued legal contingencies and related expenses 1,792,337 6,053,468
Convertible note - related party, net of discount 0 4,371,998
Operating lease liability, current portion 82,932 72,038
Total current liabilities 5,624,223 13,900,999
Non-current liabilities    
Operating lease liability, net of current portion 108,062 171,230
Total liabilities 5,732,285 14,072,229
Commitments and contingencies (Note 9)
Stockholders’ equity (deficit)    
Preferred stock, $0.001 par value; 200,000 shares authorized at September 30, 2024 and December 31, 2023; no shares issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 100,000,000 shares authorized at September 30, 2024 and December 31, 2023; 30,338,290 and 12,349,243 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 30,338 12,349
Additional paid-in-capital 196,976,230 102,238,382
Accumulated deficit (121,203,193) (104,382,549)
Total stockholders’ equity (deficit) 75,803,375 (2,131,818)
Total liabilities and stockholders’ equity (deficit) $ 81,535,660 $ 11,940,411

Source

10-Q XBRL Zip