Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash $ 73,244 $ 173,154
Marketable Securities 5,805,331 8,345,082
Deposits and Other Receivables 2,482
Prepaid expenses 898,324 893,730
Total Current Assets 6,779,381 9,411,966
Non-Current Assets    
Lease Right-of-Use 2,678 10,579
Goodwill 10,498,539 10,498,539
Investment in Oravax Medical 1,500,000 1,500,000
Total Non-Current Assets 12,001,217 12,009,118
Total Assets 18,780,598 21,421,084
Current Liabilities    
Trade and Other Payables 2,593,626 2,902,104
Lease Liability 2,678 10,579
Dividends Payable 2,293,302 2,455,675
Derivative Liability 19,000 1,303,000
Total Current Liabilities 4,938,588 6,701,340
Total Liabilities 4,938,588 6,701,340
Commitments and Contingencies  
Mezzanine Equity    
Total Mezzanine Equity 5,151,101 4,930,004
STOCKHOLDERS’ EQUITY    
Preferred Stock, Value
Common Stock, par value $0.001, 250,000,000 shares authorized, 7,392,565 and 3,363,603 shares issued and outstanding as of March 31, 2025 and December 31, 2024 7,393 3,364
Additional Paid in Capital 139,615,517 138,780,138
Accumulated Deficit (131,076,525) (129,138,286)
Total Stockholders’ Equity 8,690,909 9,789,740
Total Liabilities and Stockholders’ Equity 18,780,598 21,421,084
Series F Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible Preferred Stock, value 4,495,101 4,930,004
Convertible Preferred Stock – Discount
Convertible Preferred Stock – Derivative
Series F-1 Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible Preferred Stock, value 2,772,816 4,744,101
Convertible Preferred Stock – Discount (2,772,816) (4,744,101)
Series G Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible Preferred Stock, value 9,221,000 8,884,000
Convertible Preferred Stock – Discount (8,565,000) (8,884,000)
Series D Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY    
Preferred Stock, Value 144,524 144,524
Related Party [Member]    
Current Liabilities    
Due to MyMD FL Shareholders $ 29,982 $ 29,982