Balance Sheet

v3.25.0.1

Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 5,435,983	$ 2,624,730
Prepaid expenses	111,597	145,882
Total current assets	5,547,580	2,770,612
Property and equipment, net	4,250	5,974
Total assets	5,551,830	2,776,586
Current liabilities:
Accounts payable	435,934	103,656
Accrued expenses	152,156	80,694
Total current liabilities	588,090	184,350
Total liabilities	588,090	184,350
Stockholders’ equity:
Series A Convertible Preferred stock, $0.00001 par value, 5,500,000 shares authorized; 73,449 shares issued and outstanding as of December 31, 2024 and 2023.	1	1
Common stock, $0.00001 par value, 100,000,000 shares authorized; 9,113,139 and 6,094,644 shares issued and outstanding as of December 31, 2024 and 2023, respectively.	91	61
Additional paid-in capital	21,757,204	12,347,098
Accumulated deficit	(16,793,556)	(9,754,924)
Total stockholders’ equity	4,963,740	2,592,236
Total liabilities and stockholders’ equity	$ 5,551,830	$ 2,776,586

- 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).

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