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Condensed Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 594,659 $ 2,329,218
Inventory 5,202,597  
Prepaid expenses 328,918 759,292
Deferred financing costs   408,000
Other current assets 14,638 20,188
Total current assets 6,140,812 3,516,698
Property and equipment, net 40,976 214,578
Other assets:    
Goodwill 7,647,267 7,647,267
Other non-current assets 173,010 245,683
Total assets 14,002,065 11,624,226
Current liabilities:    
Accounts payable 7,009,066 3,813,280
Accrued expenses 5,066,549 3,657,394
Deferred collaboration funding, current   8,412,971
Accrued payment to collaboration partner 1,500,000  
Schelling Promissory Note payable to an officer 1,016,766  
Other current liabilities 743,856 741,425
Convertible note payable, current, at fair value 14,635,200  
Term Loans payable, current, at fair value 18,152,344 2,326,630
Zevra bridge loan payable 13,546,557  
Total current liabilities 61,670,338 18,951,700
Term Loans payable, non-current, at fair value   3,240,601
Convertible note payable, at fair value   6,047,532
Other non-current liabilities 76,689 145,665
Total liabilities 61,747,027 28,385,498
Commitments and Contingencies (Note 9)
Stockholders’ deficit:    
Preferred stock, $0.0001 par value; authorized 10,000,000 shares; none issued and outstanding  
Common stock, $0.0001 par value; authorized 150,000,000 shares; 24,463,726 and 19,624,280 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 2,446 1,962
Additional paid-in capital 132,102,554 123,984,035
Accumulated deficit (179,849,962) (140,747,269)
Total stockholders’ deficit (47,744,962) (16,761,272)
Total liabilities and stockholders’ deficit $ 14,002,065 $ 11,624,226