Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 50,321,206 $ 52,966,706
Prepaid expenses 628,740 333,751
Total current assets 50,949,946 53,300,457
Property and equipment 128,619 20,124
Total assets 51,078,565 53,320,581
Current liabilities:    
Accounts payable and accrued liabilities 433,684 447,280
Total current liabilities 433,684 447,280
Non-current liabilities    
Warrant liabilities 667,503 1,452,800
Total non-current liabilities 667,503 1,452,800
Total liabilities 1,101,187 1,900,080
Commitments and Contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, par value $0.0001, 5,000,000 shares authorized; 0 issued and outstanding
Common stock, par value $0.0001, 495,000,000 shares authorized; 23,008,371 shares issued and outstanding as of March 31, 2022 and December 31, 2021 17,684 17,684
Additional paid-in capital 53,763,513 53,627,883
Accumulated other comprehensive loss (15,074) (10,561)
Accumulated deficit (3,788,745) (2,214,505)
Total stockholders’ equity 49,977,378 51,420,501
Total liabilities and stockholders’ equity $ 51,078,565 $ 53,320,581