v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,132,867 $ 16,035,475
Restricted cash 109,576 164,682
Marketable securities 3,291,450 4,089,832
Prepaid expenses and other current assets 296,823 972,245
Total current assets 8,830,716 21,262,234
Operating lease – right-of-use asset 331,341 429,819
Deposits and other assets 32,759 46,665
Total assets 9,194,816 21,738,718
Current liabilities:    
Accounts payable 1,034,721 1,863,045
Accrued expenses and other current liabilities 431,308 793,819
Accrued preferred stock redemption payable (H-7) 5,900,153 1,285,680
Current portion lease obligation – operating lease 234,376 219,085
Total current liabilities 7,600,558 4,161,629
Derivative liability 2,661,000
Warrant liability 14,537,000 2,362,900
Lease obligation - operating lease, net of current portion 162,336 283,742
Total liabilities 22,299,894 9,469,271
Mezzanine equity:    
Redeemable Series H-7 Convertible Preferred Stock ($0.0001 par value per share and $1,000 face value per share; authorized - 22,000 shares; issued and outstanding – 0 and 10,167 shares, at June 30, 2025 and December 31, 2024, respectively). Liquidation preference of $0 as of June 30, 2025. 7,587,518
Stockholders’ equity:    
Preferred stock, value
Common Stock ($0.0001 par value; authorized – 1,200,000,000 and 200,000,000 shares as of June 30, 2025, and December 31, 2024, respectively; issued and outstanding – 590,181 and 533,842 shares as of June 30, 2025, and December 31, 2024, respectively) 59 53
Additional paid-in capital 117,278,388 121,767,394
Accumulated deficit (130,383,525) (117,085,518)
Total stockholders’ equity (13,105,078) 4,681,929
Total liabilities, mezzanine equity and stockholders’ equity 9,194,816 21,738,718
Series H Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Convertible Preferred Stock Series H-3 [Member]    
Stockholders’ equity:    
Preferred stock, value
Series H-6 Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value

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