v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 13,497,938 $ 1,360,638
Accounts and other receivables, net 9,930 1,530
Inventory 5,715
Prepaid and other current assets 541,323 76,065
Total current assets 14,054,906 1,438,233
Deferred offering costs 7,942
Property and equipment, net 1,781 4,633
Other assets 6,000 2,500
Total assets 14,062,687 1,453,308
Current liabilities:    
Accounts payable 149,867 230,407
Accrued expenses 474,035 483,501
Accrued interest 25,168 1,121,392
Current portion of Paycheck Protection Program loan 52,074
Loan payable 490,117
Convertible notes payable 325,000 11,152,151
Total current liabilities 1,464,187 13,039,525
Paycheck Protection Program loan, less current portion 160,184
Total liabilities 1,464,187 13,199,709
Commitments and contingencies (See Note 9)  
Convertible preferred stock, par value $0.001 per share; 20,000,000 shares authorized; 0 and 5,296,044 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively; aggregate liquidation preference of $0 and $5,825,648, at September 30, 2022 and December 31, 2021, respectively 4,044,318
Stockholders’ equity (deficit):    
Preferred stock, no shares issued or outstanding at September 30, 2022 and December 31, 2021, respectively
Common stock, par value $0.007 per share; 14,285,714 shares authorized; 8,369,750 issued and outstanding at September 30, 2022; and 2,677,140 shares issued and outstanding at December 31, 2021, respectively 58,588 18,740
Additional paid-in capital 47,532,797 12,703,896
Accumulated deficit (34,992,885) (28,513,355)
Total stockholders’ equity (deficit) 12,598,500 (15,790,719)
Total liabilities, convertible preferred stock, and stockholders’ equity (deficit) $ 14,062,687 $ 1,453,308

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