Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 16,331,052 $ 33,087,864
Amount due from sale of assets 40,500
Prepaid expenses 215,895 562,375
Other current assets 104,707 262,992
Current assets of discontinued operations 163,462
Total current assets 16,692,154 34,076,693
Property and equipment, net 141,208 125,197
Right of use asset- operating lease 79,271 500,428
Intangibles, net 7,941,314 8,571,478
Goodwill 1,262,911 1,262,911
Non-current assets of discontinued operations 643,382
Total assets 26,116,858 45,180,089
Current liabilities:    
Accounts payable and accrued liabilities 2,552,360 1,481,393
Lease liability- short term portion 81,680 160,362
Current liabilities of discontinued operations 235,879
Total current liabilities 2,634,040 1,877,634
Non-current liabilities    
Lease liability 344,021
Warrant liabilities 84,366 140,611
Non-current liabilities of discontinued operations 319,575
Total non-current liabilities 84,366 804,207
Total liabilities 2,718,406 2,681,841
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, par value $0.0001, 5,000,000 shares authorized; 0 issued and outstanding
Common stock, par value $0.0001, 100,000,000 shares authorized; 1,041,582 and 1,301,921 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 104 130
Additional paid-in capital 58,721,538 61,855,659
Accumulated other comprehensive loss (4,652) (661)
Accumulated deficit (35,318,538) (19,356,880)
Total stockholders’ equity 23,398,452 42,498,248
Total liabilities and stockholders’ equity $ 26,116,858 $ 45,180,089