Balance Sheet

v3.25.3

Condensed Balance Sheets - USD ($)	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 2,976,658	$ 5,606,863
Prepaid expenses and other assets	87,428	87,795
Total current assets	3,064,086	5,694,658
Operating lease right-of-use assets	71,081
Total assets	3,135,167	5,694,658
Current liabilities:
Accounts payable	19,646	15,896
Accrued expenses and other liabilities	40,432	693,722
Current portion of operating lease obligations	27,455
Total current liabilities	87,533	709,618
Deferred revenue	3,000,000	3,000,000
Operating lease obligations, less current portion	44,181
Total liabilities	3,131,714	3,709,618
Commitments and contingencies (Note 6)
Stockholders’ equity:
Common stock, $0.0001 par value; 500,000,000 shares authorized; 172,573,545 and 172,323,545 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	17,257	17,232
Additional paid-in capital	54,110,425	54,087,065
Accumulated deficit	(54,124,229)	(52,119,257)
Total stockholders’ equity	3,453	1,985,040
Total liabilities and stockholders’ equity	3,135,167	5,694,658
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value
Series B Convertible Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value
Undesignated Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Balance Sheet

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