Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and Cash Equivalents $ 298,318 $ 749,090
Marketable Securities 8,174,283 4,086,902
Prepaid Expenses 1,263,478 565,787
Total Current Assets 9,736,079 5,401,779
Non-Current Assets    
Operating Lease Right-of-Use Assets 90,918 139,662
Goodwill 10,498,539 10,498,539
Investment in Oravax, Inc. 1,500,000 1,500,000
Total Non-Current Assets 12,089,457 12,138,201
Total Assets 21,825,536 17,539,980
Current Liabilities    
Trade and Other Payables 2,033,840 2,673,221
Operating Lease Liability 72,626 65,780
Derivative Liabilities 898,100
Warrant Liabilities 2,457,000
Dividends Payable 204,194
Total Current Liabilities 5,695,742 2,768,983
Non-Current Liabilities    
Operating Lease Liability, net of current portion 20,519 75,941
Total Non-Current Liabilities 20,519 75,941
Total Liabilities 5,716,261 2,844,924
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Common stock, no par value, 500,000,000 shares authorized 47,000,365 and 39,470,009 issued and outstanding as of September 30, 2023 and December 31, 2022 112,441,633 108,309,436
Accumulated Deficit (97,085,475) (93,758,904)
Total Stockholders’ Equity 15,500,682 14,695,056
Total Liabilities and Stockholders’ Equity 21,825,536 17,539,980
Series F Convertible Preferred Stock [Member]    
Non-Current Liabilities    
Series F Convertible Preferred Stock, no par value and a stated value of $1,000 per share, 15,000 and 0 shares designated as of September 30, 2023 and December 31, 2022, 9,859 and 0 shares issued and outstanding as of September 30, 2023 and December 31, 2022. Liquidation preference of $9,859,000 plus dividends at 10% per annum of $204,194 as of September 30, 2023. 608,593
Series D Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY    
Series D Convertible Preferred Stock, 211,353 shares designated, no par value and a stated value of $0.01 per share, 72,992 shares issued and outstanding as of September 30, 2023 and December 31, 2022 144,524 144,524
Related Party [Member]    
Current Liabilities    
Due to MyMD Florida Shareholders $ 29,982 $ 29,982