Quarterly report pursuant to Section 13 or 15(d)

Pro Forma Condensed Combined Balance Sheets

v3.21.1
Pro Forma Condensed Combined Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and Cash Equivalents $ 569,366 $ 18,617,955
Marketable Securities 30,480,537 16,718,452
Other Receivables 3,026,137 1,200,009
Prepaid Expenses 214,111 294,343
Total Current Assets 34,297,851 36,842,761
Non-Current Assets    
Total Non-Current Assets 1,500,000
Total Assets 35,797,851 36,842,761
Current Liabilities    
Trade and Other Payables 2,335,751 2,203,902
Total Current Liabilities 2,374,059 2,263,295
Total Liabilities 2,374,059 2,263,295
Commitments and Contingencies
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020 171,925,670 171,598,681
Accumulated Deficit (138,646,402) (137,163,739)
Total Shareholders' Equity 33,423,792 34,579,466
Total Liabilities and Shareholders Equity 35,797,851 36,842,761
Series C Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value
Series D Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value 144,524 144,524
Series E Junior Participating Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value
Pro Forma [Member]    
Current assets:    
Cash and Cash Equivalents 1,006,544  
Marketable Securities 25,600,923  
Other Receivables  
Prepaid Expenses 223,029  
Total Current Assets 26,830,496  
Non-Current Assets    
Investment in Oravax 1,500,000  
Goodwill 18,467,102  
Total Non-Current Assets 19,967,102  
Total Assets 46,797,598  
Current Liabilities    
Trade and Other Payables 3,767,777  
Bridge Loan Payable - Related Party  
Accrued Interest $ 123,613
Due to Related Party Starwood Trust and Jonnie Williams, Sr and Supera  
Line of Credit, Related Party, net unamortized Debt Discount  
Payroll Protection Program Loan 70,600  
Total Current Liabilities 3,838,377  
Total Liabilities 3,838,377  
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020  
Additional Paid-in-Capital  
Accumulated Deficit (88,670,222)  
Total Shareholders' Equity 42,959,221  
Total Liabilities and Shareholders Equity 46,797,598  
Pro Forma [Member] | Series C Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Pro Forma [Member] | Series D Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value 144,524  
Pro Forma [Member] | Series E Junior Participating Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Pro Forma [Member] | Common Sock No Par Value [Member]    
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020 131,484,919  
Pro Forma [Member] | Legal Acquirer Company [Member]    
Current assets:    
Cash and Cash Equivalents 569,366  
Marketable Securities 30,480,537  
Other Receivables 3,026,137  
Prepaid Expenses 223,029  
Total Current Assets 34,297,851  
Non-Current Assets    
Investment in Oravax 1,500,000  
Goodwill  
Total Non-Current Assets 1,500,000  
Total Assets 35,797,851  
Current Liabilities    
Trade and Other Payables 2,374,059  
Bridge Loan Payable - Related Party  
Accrued Interest  
Due to Related Party Starwood Trust and Jonnie Williams, Sr and Supera  
Line of Credit, Related Party, net unamortized Debt Discount  
Payroll Protection Program Loan  
Total Current Liabilities 2,374,059  
Total Liabilities 2,374,059  
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020  
Additional Paid-in-Capital  
Accumulated Deficit (138,646,402)  
Total Shareholders' Equity 33,423,792  
Total Liabilities and Shareholders Equity 35,797,851  
Pro Forma [Member] | Legal Acquirer Company [Member] | Series C Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Pro Forma [Member] | Legal Acquirer Company [Member] | Series D Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value 144,524  
Pro Forma [Member] | Legal Acquirer Company [Member] | Series E Junior Participating Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Pro Forma [Member] | Legal Acquirer Company [Member] | Common Sock No Par Value [Member]    
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020 171,925,670  
Pro Forma [Member] | Accounting Acquirer Pre-Merger MYMD Florida [Member]    
Current assets:    
Cash and Cash Equivalents 437,178  
Marketable Securities  
Other Receivables  
Prepaid Expenses 1,218  
Total Current Assets 438,396  
Non-Current Assets    
Investment in Oravax  
Goodwill  
Total Non-Current Assets  
Total Assets 438,396  
Current Liabilities    
Trade and Other Payables 2,204,805  
Bridge Loan Payable - Related Party 3,000,000  
Accrued Interest 257,411  
Due to Related Party Starwood Trust and Jonnie Williams, Sr and Supera 185,577  
Line of Credit, Related Party, net unamortized Debt Discount 2,936,626  
Payroll Protection Program Loan 70,600  
Total Current Liabilities 8,655,019  
Total Liabilities 8,655,019  
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020 4,004  
Additional Paid-in-Capital 43,411,488  
Accumulated Deficit (51,632,115)  
Total Shareholders' Equity (8,216,623)  
Total Liabilities and Shareholders Equity 438,396  
Pro Forma [Member] | Accounting Acquirer Pre-Merger MYMD Florida [Member] | Series C Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Pro Forma [Member] | Accounting Acquirer Pre-Merger MYMD Florida [Member] | Series D Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Pro Forma [Member] | Accounting Acquirer Pre-Merger MYMD Florida [Member] | Series E Junior Participating Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Pro Forma [Member] | Accounting Acquirer Pre-Merger MYMD Florida [Member] | Common Sock No Par Value [Member]    
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020  
Cystron Biotech Spin-Off Adjustments [Member]    
Current assets:    
Cash and Cash Equivalents  
Marketable Securities (1,500,000)  
Other Receivables  
Prepaid Expenses  
Total Current Assets (1,500,000)  
Non-Current Assets    
Investment in Oravax  
Goodwill  
Total Non-Current Assets  
Total Assets (1,500,000)  
Current Liabilities    
Trade and Other Payables (1,500,000)  
Bridge Loan Payable - Related Party  
Accrued Interest  
Due to Related Party Starwood Trust and Jonnie Williams, Sr and Supera  
Line of Credit, Related Party, net unamortized Debt Discount  
Payroll Protection Program Loan  
Total Current Liabilities (1,500,000)  
Total Liabilities (1,500,000)  
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020  
Additional Paid-in-Capital  
Accumulated Deficit (10,290)  
Total Shareholders' Equity  
Total Liabilities and Shareholders Equity (1,500,000)  
Cystron Biotech Spin-Off Adjustments [Member] | Series C Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Cystron Biotech Spin-Off Adjustments [Member] | Series D Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Cystron Biotech Spin-Off Adjustments [Member] | Series E Junior Participating Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Cystron Biotech Spin-Off Adjustments [Member] | Common Sock No Par Value [Member]    
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020 10,290  
Adjustments [Member]    
Current assets:    
Cash and Cash Equivalents  
Marketable Securities (3,379,614)  
Other Receivables (3,026,137)  
Prepaid Expenses  
Total Current Assets (6,405,751)  
Non-Current Assets    
Investment in Oravax  
Goodwill 18,467,102  
Total Non-Current Assets 18,467,102  
Total Assets 12,061,351  
Current Liabilities    
Trade and Other Payables 688,913  
Bridge Loan Payable - Related Party (3,000,000)  
Accrued Interest (257,411)  
Due to Related Party Starwood Trust and Jonnie Williams, Sr and Supera (185,577)  
Line of Credit, Related Party, net unamortized Debt Discount (2,936,626)  
Payroll Protection Program Loan  
Total Current Liabilities (5,690,701)  
Total Liabilities (5,690,701)  
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020 (4,004)  
Additional Paid-in-Capital (43,411,488)  
Accumulated Deficit 101,618,585  
Total Shareholders' Equity 17,752,052  
Total Liabilities and Shareholders Equity 12,061,351  
Adjustments [Member] | Series C Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Adjustments [Member] | Series D Convertible Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Adjustments [Member] | Series E Junior Participating Preferred Stock [Member]    
Stockholders'/Members' Deficit    
Preferred stock, value  
Adjustments [Member] | Common Sock No Par Value [Member]    
Stockholders'/Members' Deficit    
Common Stock $0.0001 no par value, 90,000,000 shares authorized 40,043,504 outstanding as of December 31, 2020 $ (40,451,041)