General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Current assets:      
Cash and cash equivalents $ 8,279,182 $ 11,413,759 $ 1,360,638
Accounts and other receivables, net 90,233 10,489 1,530
Inventory 10,101 5,540
Prepaid expenses and other current assets 279,686 531,899 76,065
Total current assets 8,659,202 11,961,687 1,438,233
Deferred offering costs   7,942
Property and equipment, net 207,377 214,438 4,633
Other assets 6,920 6,000 2,500
Total assets 8,873,499 12,182,125 1,453,308
Current liabilities:      
Accounts payable 174,404 345,042 230,407
Accrued expenses 515,663 541,894 483,501
Accrued interest   1,121,392
Current portion of Paycheck Protection Program loan   52,074
Unearned revenue 42,750  
Loan payable 42,334 251,746
Convertible notes payable at fair value   11,152,151
Total current liabilities 775,151 1,138,682 13,039,525
Paycheck Protection Program loan, less current portion   160,184
Total liabilities 775,151 1,138,682 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 756,558 shares issued and outstanding, aggregate liquidation preference of $0 and $5,825,648 at December 31, 2022 and 2021, respectively   4,044,318
Stockholders’ equity (deficit):      
Preferred stock, no shares issued or outstanding at December 31, 2022 and 2021, respectively
Common Stock, par value $0.007 per share; 14,285,714 shares authorized; 8,381,324 and 2,677,140 shares issued and outstanding as of December 31, 2022 and 2021, respectively 59,887 58,669 18,740
Additional paid-in capital 47,978,892 47,652,242 12,703,896
Accumulated deficit (39,940,431) (36,667,468) (28,513,355)
Total stockholders’ equity (deficit) 8,098,348 11,043,443 (15,790,719)
Total liabilities, convertible preferred stock, and stockholders’ equity (deficit) $ 8,873,499 $ 12,182,125 $ 1,453,308