v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and Cash Equivalents $ 2,681,010 $ 749,090
Marketable Securities 2,242,106 4,086,902
Prepaid Expenses 893,226 565,787
Total Current Assets 5,816,342 5,401,779
Non-Current Assets    
Operating Lease Right-of-Use Assets 47,389 139,662
Goodwill 10,498,539 10,498,539
Investment in Oravax, Inc. 1,500,000 1,500,000
Total Non-Current Assets 12,045,928 12,138,201
Total Assets 17,862,270 17,539,980
Current Liabilities    
Trade and Other Payables 3,716,218 2,673,221
Operating Lease Liability 48,870 65,780
Derivative Liabilities 61,000
Warrant Liabilities 867,000
Dividends Payable 265,019
Total Current Liabilities 4,988,089 2,768,983
Non-Current Liabilities    
Deferred Compensation Payable 100,538
Operating Lease Liability, net of current portion 75,941
Total Non-Current Liabilities 100,538 75,941
Total Liabilities 5,088,627 2,844,924
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Common stock, par value $0.001 per share, 16,666,666 shares authorized 2,018,857 and 1,315,674 issued and outstanding as of December 31, 2023 and December 31, 2022 2,019 1,316
Additional Paid In Capital 114,200,096 108,308,120
Accumulated Deficit (101,977,067) (93,758,904)
Total Stockholders’ Equity 12,369,572 14,695,056
Total Liabilities and Stockholders’ Equity 17,862,270 17,539,980
Series F Convertible Preferred Stock [Member]    
Non-Current Liabilities    
Series F Convertible Preferred Stock, with par value $0.001 per share and a stated value of $1,000 per share, 15,000 and 0 shares designated as of December 31, 2023 and December 31, 2022, 6,833 and 0 shares issued and outstanding as of December 31, 2023 and December 31, 2022. Liquidation preference of $6,833,500 plus dividends at 10% per annum of $265,350 as of December 31, 2023. 404,071
Series D Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock value 144,524 144,524
Related Party [Member]    
Current Liabilities    
Due to MyMD Florida Shareholders $ 29,982 $ 29,982

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