Balance Sheet

v3.24.2.u1

Condensed Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash	$ 2,823,781	$ 4,602,566
Other receivables		11,862
Prepaid expenses	108,622	243,802
Total current assets	2,932,403	4,858,230
Operating lease, right of use assets		5,061
Total assets	3,015,578	4,932,443
Current liabilities:
Trade accounts payable and accrued liabilities	782,140	538,564
Current portion of operating lease liabilities		5,061
Total current liabilities	796,612	558,097
Total liabilities	796,612	558,097
Stockholders’ Deficit
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 June 30, 2024 and December 31, 2023, respectively.	1,478	1,478
Additional paid-in capital	26,911,646	25,657,930
Accumulated deficit	(24,694,158)	(21,285,062)
Total stockholders’ equity (deficit)	2,218,966	4,374,346
Total liabilities and stockholders’ equity (deficit)	3,015,578	4,932,443
Related Party [Member]
Current assets:
Due from related parties	83,175	69,152
Current liabilities:
Related party accrued interest	$ 14,472	$ 14,472

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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