Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash $ 225,655 $ 2,681,010
Marketable Securities 1,509,358 2,242,106
Prepaid expenses 725,159 893,226
Total Current Assets 2,460,172 5,816,342
Non-Current Assets    
Lease Right-of-Use 34,904 47,389
Goodwill 10,498,539 10,498,539
Investment in Oravax Medical 1,500,000 1,500,000
Total Non-Current Assets 12,033,443 12,045,928
Total Assets 14,493,615 17,862,270
Current Liabilities    
Trade and Other Payables 3,861,232 3,716,218
Lease Liability 35,981 48,870
Dividends Payable 45,828 265,019
Derivative Liability 61,000
Warrant Liability 867,000
Total Current Liabilities 3,973,023 4,988,089
Non-Current Liabilities    
Deferred Compensation Payable, net of current 279,615 100,538
Total Non-Current Liabilities 279,615 100,538
Total Liabilities 4,252,638 5,088,627
Commitments and Contingencies
Mezzanine Equity    
Series F Convertible Preferred Stock - Discount (3,530,365) (4,702,023)
Series F Convertible Preferred Stock - Derivative (1,046,778) (1,394,184)
Total Mezzanine Equity 303,385 404,071
SHAREHOLDERS’ EQUITY    
Common Stock, par value $0.001, 16,666,666 shares authorized, 2,157,632 and 2,018,857 shares issued and outstanding as of March 31, 2024 and December 31, 2023 2,158 2,019
Additional Paid in Capital 122,769,885 114,200,096
Accumulated Deficit (112,978,975) (101,977,067)
Total Shareholders’ Equity 9,937,592 12,369,572
Total Liabilities and Shareholders’ Equity 14,493,615 17,862,270
Series F Convertible Preferred Stock [Member]    
Mezzanine Equity    
Series F Convertible Preferred Stock, 15,000 shares designated, par value $0,001 and a stated value of $1,000 per share, 4,988 and 6,633 shares issued and outstanding as of March 31, 2024 and December 31, 2023. Liquidation preference of $4,988,000 plus dividends at 10% per annum of $45,828 as of March 31, 2024 4,880,528 6,500,278
Series D Convertible Preferred Stock [Member]    
SHAREHOLDERS’ EQUITY    
Preferred Stock, value 144,524 144,524
Related Party [Member]    
Current Liabilities    
Due to MyMD FL Shareholders $ 29,982 $ 29,982