Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2024
Sep. 30, 2024
Current assets:    
Cash $ 4,861,503 $ 149,456
Unbilled collaboration revenue 500,000
Prepaid expenses and other current assets 1,196,868 1,206,409
Incentive tax receivable 166,792 762,078
Total current assets 6,725,163 2,117,943
Property and equipment, net 17,312 20,523
Operating lease right-of-use asset 104,435 123,417
Deferred offering costs 122,058 15,000
Other assets 213,059 494,147
Total assets 7,182,027 2,771,030
Current liabilities:    
Accounts payable 1,639,981 2,183,416
Accrued expenses and other current liabilities 1,394,520 942,489
Current portion of operating lease liability 87,323 84,291
Total current liabilities 3,121,824 3,210,196
Operating lease liability, net of current portion 23,634 46,573
Total liabilities 3,145,458 3,256,769
Commitments and contingencies (Note 4)
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value: 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.0001 par value: 125,000,000 shares authorized; 3,007,431 and 650,284 issued and outstanding at December 31, 2024 and September 30, 2024, respectively 300 65
Additional paid-in capital 124,877,960 117,195,181
Accumulated deficit (120,841,691) (117,680,985)
Total stockholders’ equity (deficit) 4,036,569 (485,739)
Total liabilities and stockholders’ equity (deficit) $ 7,182,027 $ 2,771,030