Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.22.1
Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 10,798,806 $ 530,400
Prepaid expenses and other current assets 825,134 75,053
Total current assets 11,623,940 605,453
Fixed assets, net 0 0
Total assets 11,623,940 605,453
Current liabilities:    
Accounts payable 515,245 104,276
Accrued and other current liabilities 1,001,591 133,477
Convertible subordinated promissory notes, net of discount 0 1,848,495
Related party convertible subordinated promissory notes, net of discount 0 1,140,984
Current portion of long-term debt, net of debt discount 0 556,160
Total current liabilities 1,516,836 3,783,392
Total liabilities 1,516,836 3,783,392
Stockholders' and Members' Deficit    
Common stock value 833 0
Additional paid-in capital 46,088,546 0
Accumulated deficit (35,982,275) (28,079,798)
Total stockholders' and members' equity (deficit) 10,107,104 (3,177,939)
Total liabilities and stockholders' and members' equity (deficit) 11,623,940 605,453
Class B Common    
Stockholders' and Members' Deficit    
Common stock value 0 2,342,853
Total stockholders' and members' equity (deficit) 0 2,342,853
Class A Common    
Stockholders' and Members' Deficit    
Common stock value 0 10,430
Total stockholders' and members' equity (deficit) 0 10,430
Series 1 Preferred Units    
Stockholders' and Members' Deficit    
Preferred stock value 0 6,833,877
Series 1a Preferred Units    
Stockholders' and Members' Deficit    
Preferred stock value 0 4,380,081
Series 1a Preferred Warrant Units    
Stockholders' and Members' Deficit    
Preferred stock value 0 723,431
Series 1b Preferred Units    
Stockholders' and Members' Deficit    
Preferred stock value 0 4,119,595
Series 1c Preferred Units    
Stockholders' and Members' Deficit    
Preferred stock value $ 0 $ 6,491,592