v3.24.0.1
BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 8,556,000 $ 1,312,000
Marketable debt securities 6,220,000 0
Prepaid expenses 682,000 63,000
Other current assets 6,000 76,000
Total current assets 15,464,000 1,451,000
Right-of-use asset, net 147,000 139,000
Other assets 1,684,000 167,000
Total assets 17,295,000 1,757,000
Current liabilities:    
Accounts payable 3,048,000 603,000
Accrued expenses 891,000 1,724,000
Lease liability, current portion 20,000 143,000
Convertible note and accrued interest 0 4,349,000
Total current liabilities 3,959,000 6,819,000
Other long-term liabilities 36,000 36,000
Lease liability, net of current portion 138,000 0
Total liabilities 4,133,000 6,855,000
Series A redeemable convertible preferred stock, par value $.0001. Authorized, issued, and outstanding shares of none and 5,000,000 as of December 31, 2023 and 2022, respectively. 0 10,000,000
Commitments and contingencies
STOCKHOLDERS’ EQUITY (DEFICIENCY)    
Preferred stock, issued 0 0
Common stock, issued 1,000 0
Additional paid-in capital 63,676,000 23,555,000
Accumulated deficit (50,515,000) (38,653,000)
Total stockholders’ equity (deficiency) 13,162,000 (15,098,000)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficiency) 17,295,000 1,757,000
Series B Convertible Preferred    
STOCKHOLDERS’ EQUITY (DEFICIENCY)    
Preferred stock, issued 0 0
Series C Convertible Preferred    
STOCKHOLDERS’ EQUITY (DEFICIENCY)    
Preferred stock, issued $ 0 $ 0

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