v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets:                  
Cash and cash equivalents $ 3,163,426     $ 2,860,628       $ 7,482,773  
Investments 10,818,051     9,992,900          
Prepaid expenses 159,851     516,584       715,474  
Total current assets 14,141,328     13,370,112       8,198,247  
Prepaid expenses - long term 300,000     383,390       300,000  
Intangible assets, net 626,529     704,561       808,604  
Other assets               50,000  
Total assets 15,067,857     14,458,063       9,356,851  
Current liabilities:                  
Accounts payable 239,978     605,600       923,239  
Accrued expenses 2,594,199     1,175,705       1,685,409  
Accrued interest and financing expense 1,146,251     1,146,251       743,840  
Due to officers - short term 600,000     600,000       600,000  
Total current liabilities 4,580,428     3,527,556       4,576,087  
Due to officers - long term 3,073,733     3,523,733       4,123,732  
Total liabilities 7,654,161     7,051,289       8,699,819  
Commitments and contingencies            
Other Liability, Current, Related Party, Type [Extensible Enumeration] Officer [Member]     Officer [Member]          
Other Liability, Noncurrent, Related Party, Type [Extensible Enumeration] Officer [Member]     Officer [Member]          
Shareholders' equity:                  
Ordinary shares, no par value per share, 8,333,334 ordinary shares authorized - 987,220 (987,220 ADS's) ordinary shares issued and outstanding at September 30, 2023 and 403,887 (403,887 ADS's) at December 31, 2022 $ 0     $ 0       0  
Treasury stock, 45 ordinary shares (2,932,000)     (2,932,000)       (2,932,000)  
Additional paid in capital 54,499,138     47,855,521       31,659,017  
Accumulated deficit (44,153,442)     (37,516,747)       (28,069,985)  
Total shareholders' equity 7,413,696 $ 9,071,872 $ 10,914,443 7,406,774 $ 9,167,688 $ (3,168,134) $ (729,408) 657,032 $ (6,607,297)
Total liabilities and shareholders' equity $ 15,067,857     $ 14,458,063       $ 9,356,851