v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash $ 1,386,387 $ 225,276
Prepaid expenses and other assets 68,860 139,345
Other assets 250,000
Deferred offering costs
TOTAL CURRENT ASSETS 1,705,247 364,621
TOTAL ASSETS 1,705,247 364,621
CURRENT LIABILITIES    
Accounts payable and accrued expenses 569,851 745,011
Accrued payroll and related expenses 79,166
Accrued Series B preferred stock dividends 455,548 304,653
TOTAL CURRENT LIABILITIES 1,032,899 1,580,030
Notes payable, net of discount
Total Liabilities 1,032,900 1,580,030
Redeemable convertible preferred stock - Series A; $0.0001 par value, 1,500 designated Series A, and 240 shares issued and outstanding (liquidation preference of $509,198 and $721,200) as of December 31, 2023 and December 31, 2022, respectively 509,198 721,200
Preferred stock, Series B, $0.001 par value; 2,500 shares authorized, 1,509 shares issued and outstanding (liquidation preference of $1,964,502 and $1,813,607) as of December 31, 2023 and December 31, 2022, respectively 2 2
Common stock, $0.0001 par value, 100,000,000 shares authorized, 3,609,382 and 2,279,019 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 361 228
Unearned deferred compensation (1,345,509) (187,329)
Additional paid-in capital 41,666,897 33,428,115
Accumulated deficit (40,158,601) (35,177,625)
Total Stockholders’ Equity (Deficit) 163,150 (1,936,609)
Total Liabilities & Stockholders’ Equity (Deficit) 1,705,247 364,621
Nonrelated Party [Member]    
CURRENT LIABILITIES    
Notes payable - related parties 443,700
Related Party [Member]    
CURRENT LIABILITIES    
Notes payable - related parties $ 7,500 $ 7,500