Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance sheets (Unaudited)

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Condensed Consolidated Balance sheets (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 8,279,182 $ 11,413,759
Accounts and other receivables, net 90,233 10,489
Inventory 10,101 5,540
Prepaid and other current assets 279,687 531,899
Total current assets 8,659,203 11,961,687
Property and equipment, net 207,377 214,438
Other assets 6,920 6,000
Total assets 8,873,499 12,182,125
Current liabilities:    
Accounts payable 174,404 345,042
Accrued expenses 515,663 541,894
Unearned revenue 42,750
Loan payable 42,334 251,746
Total current liabilities 775,151 1,138,682
Total liabilities 775,151 1,138,682
Commitments and contingencies (See Note 9)
Stockholders’ equity:    
Preferred stock, par value $0.001 per share; 20,000,000 shares authorized; no shares issued or outstanding at June 30, 2023, and December 31, 2022
Common stock, par value $0.007 per share; 25,000,000 shares authorized; 8,555,365 issued and outstanding at June 30, 2023; and 8,381,324 shares issued and outstanding at December 31, 2022 59,887 58,669
Additional paid-in capital 47,978,892 47,652,242
Accumulated deficit (39,940,431) (36,667,468)
Total stockholders’ equity 8,098,348 11,043,443
Total liabilities and stockholders’ equity $ 8,873,499 $ 12,182,125