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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Total revenue $ 736,137 $ 967,205 $ 1,649,581 $ 1,436,950
Operating expenses        
Cost of products sold 714,392 646,389 1,306,770 938,386
Cost of services 204,102 15,650 332,408 46,212
Research and development 1,388,792 2,273,756 3,201,624 4,590,197
General and administrative 2,425,007 2,134,266 4,848,960 4,759,319
Sales and marketing 1,160,200 1,169,349 2,186,287 2,220,781
Total operating expenses 5,892,493 6,239,410 11,876,049 12,554,895
Operating loss (5,156,356) (5,272,205) (10,226,468) (11,117,945)
Other (expense) income        
Interest and other income 31,215 13,851 61,323 16,972
Interest expense (684,498) (779,912) (1,301,796) (2,049,493)
Foreign currency transaction (losses) gains (60,401) 271,967 (152,396) 470,707
Change in fair value of derivative financial instruments 42,717 (74,116) 55,411 35,628
Total other expense (670,967) (568,210) (1,337,458) (1,526,186)
Loss before income taxes (5,827,323) (5,840,415) (11,563,926) (12,644,131)
Provision for income taxes
Net loss (5,827,323) (5,840,415) (11,563,926) (12,644,131)
Net loss available to common stockholders $ (5,827,323) $ (5,840,415) $ (11,563,926) $ (12,644,131)
Net loss per common share – basic (in Dollars per share) $ (0.93) $ (2.51) $ (2.13) $ (5.43)
Weighted average shares outstanding – basic (in Shares) 6,246,326 2,328,725 5,424,542 2,326,485
Net loss $ (5,827,323) $ (5,840,415) $ (11,563,926) $ (12,644,131)
Other comprehensive (loss) income – foreign currency translation (113,704) (1,227,142) 39,363 (1,710,991)
Comprehensive loss (5,941,027) (7,067,557) (11,524,563) (14,355,122)
Product sales        
Revenue        
Total revenue 439,672 889,271 850,569 1,255,323
Laboratory services        
Revenue        
Total revenue 44,003 20,570 65,676 63,499
Collaboration revenue        
Revenue        
Total revenue $ 252,462 $ 57,364 $ 733,336 $ 118,128