v3.24.0.1
Consolidated Balance Sheets
Dec. 31, 2021
USD ($)
Current assets:  
Cash and cash equivalents $ 7,482,773
Prepaid expenses 715,474
Total current assets 8,198,247
Prepaid expenses - long term 300,000
Intangible assets, net 808,604
Other assets 50,000
Total assets 9,356,851
Current liabilities:  
Accounts payable 923,239
Accrued expenses 1,685,409
Accrued license acquisition 250,000
Accrued interest and financing expense 743,840
Due to officers - short term 600,000
Warrant liability 373,599
Total current liabilities 4,576,087
Due to officers - long term 4,123,732
Total liabilities 8,699,819
Commitments and contingencies
Shareholders' equity:  
Ordinary shares, no par value per share, 8,333,334 ordinary shares authorized - 403,887 (403,887 ADS's) ordinary shares issued and outstanding at December 31, 2022 and 55,913 (55,913 ADS's) at December 31, 2021 0
Treasury stock, 45 ordinary shares (2,932,000)
Additional paid in capital 31,659,017
Accumulated deficit (28,069,985)
Total shareholders' equity 657,032
Total liabilities and shareholders' equity $ 9,356,851