Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS    
Cash and cash equivalents $ 24,747,613 $ 21,531,665
Prepaid expenses and other current assets 113,452 172,460
Total Current Assets 24,861,065 21,704,125
Other Assets    
Trademarks 101,583 85,562
Total Assets 24,962,648 21,789,687
Current Liabilities    
Accounts payable and accrued liabilities 171,521 382,130
Accrued legal settlement costs 0 4,200,000
Total Current Liabilities 171,521 4,582,130
Preferred stock, $0.001 par value, 10,000,000 authorized shares    
Convertible Series A preferred shares, 0 and 699,878 shares issued and outstanding at December 31, 2021 and 2020, respectively (liquidation preference $0 and $2,613,025 at December 31, 2021 and 2020, respectively) 0 699
Convertible Series B preferred shares, 0 and 2,666,667 shares issued and outstanding at December 31, 2021 and 2020 (liquidation preference $0 and $4,897,517 at December 31, 2021 and 2020, respectively) 0 2,667
Common stock, $0.001 par value, 13,500,000 authorized, 9,759,223 shares and 6,567,110 shares issued and outstanding at December 31, 2021 and 2020, respectively 9,759 6,567
Additional paid-in capital 161,772,641 146,353,232
Accumulated deficit (136,991,273) (129,155,608)
Total Stockholders' Equity 24,791,127 17,207,557
Total Liabilities and Stockholders' Equity $ 24,962,648 $ 21,789,687