Balance Sheet

v3.24.1.1.u2

Condensed Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 3,528,695	$ 4,602,566
Other Receivables		11,862
Prepaid expenses	185,336	243,802
Total current assets	3,714,031	4,858,230
Operating lease, right of use assets	1,273	5,061
Total assets	3,808,791	4,932,443
Current liabilities:
Trade accounts payable	636,261	538,564
Current portion of operating lease liabilities	1,273	5,061
Total current liabilities	652,006	558,097
Total liabilities	652,006	558,097
Stockholders’ equity
Preferred Stock, $0.0001 par value, 10,000,000 shares authorized and none issued or outstanding.
Common Stock, $0.0001 par value; 100,000,000 shares authorized, 14,780,885 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively.	1,478	1,478
Additional paid-in capital	26,158,140	25,657,930
Accumulated deficit	(23,002,833)	(21,285,062)
Total stockholders’ equity	3,156,785	4,374,346
Total liabilities and stockholders’ equity	3,808,791	4,932,443
Related Party [Member]
Current assets:
Due from related parties	93,487	69,152
Current liabilities:
Related party accrued interest	$ 14,472	$ 14,472

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Source