Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.23.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 19,959,768 $ 26,287,293
Accounts receivable, net 168,084 143,353
Inventory 176,786 105,821
Prepaid expenses and other current assets 1,251,839 827,551
Total current assets 21,556,477 27,364,018
Property and equipment, net 389,659 429,035
Operating lease right-of-use assets 1,595,869 1,959,869
Total assets 23,542,005 29,752,922
Current liabilities:    
Accounts payable 1,053,204 900,765
Accrued expenses 1,462,742 1,790,414
Accrued severance expense 215,442 416,516
Warrant liability 1,238,000  
Operating lease liabilities, current portion 699,673 705,894
Deferred revenue 58,091 29,727
Total current liabilities 4,727,152 3,843,316
Operating lease liabilities, long-term portion 915,854 1,264,131
Total liabilities 5,643,006 5,107,447
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2023 and December 31, 2022; no shares issued or outstanding at June 30, 2023 and December 31, 2022.
Common Stock, $0.00001 par value, 200,000,000 shares authorized at June 30, 2023 and December 31, 2022; 92,040,276 and 78,944,954 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively. 921 789
Additional paid-in capital 391,221,050 387,319,985
Accumulated deficit (373,322,972) (362,675,299)
Total stockholders’ equity 17,898,999 24,645,475
Total liabilities and stockholders’ equity $ 23,542,005 $ 29,752,922