Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 890,000 $ 3,763,000
Other receivables - related party   90,000
Prepaid expenses and other current assets 115,000 107,000
Total Assets 1,005,000 3,960,000
Current Liabilities:    
Accounts payable and accrued expenses 397,000 451,000
Accounts payable and accrued expenses - related party 10,000 58,000
Total current liabilities 407,000 509,000
Total Liabilities 407,000 509,000
Commitments and Contingencies
Stockholders' Equity    
Common shares, 22,134,784 and 21,089,658 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 2,000 2,000
Additional paid-in capital 81,060,000 80,448,000
Accumulated deficit (80,464,000) (76,999,000)
Total Stockholders' Equity 598,000 3,451,000
Total Liabilities and Stockholders' Equity 1,005,000 3,960,000
Class A Preferred Shares    
Stockholders' Equity    
Class A Preferred Stock, 250,000 shares issued and outstanding as of June 30, 2022 and December 31, 2021