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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total revenue $ 699,022 $ 448,713 $ 2,348,601 $ 1,885,663
Operating expenses        
Cost of products sold 618,796 1,886,191 1,925,566 2,824,577
Cost of services 73,174 17,239 405,582 63,450
Research and development 1,201,865 2,031,113 4,403,488 6,621,310
General and administrative 2,034,628 2,020,452 6,883,588 6,779,773
Sales and marketing 336,184 1,031,496 2,522,471 3,252,277
Goodwill impairment charge 6,975,520 6,975,520
Total operating expenses 4,264,647 13,962,011 16,140,695 26,516,907
Operating loss (3,565,625) (13,513,298) (13,792,094) (24,631,244)
Other (expense) income        
Interest and other income 24,977 11,174 86,301 28,147
Interest expense (396,768) (569,306) (1,698,564) (2,618,799)
Foreign currency transaction (losses) gains (135,930) (51,547) (288,326) 419,160
Change in fair value of derivative financial instruments 10,389 18,995 65,800 54,623
Total other expense (497,332) (590,684) (1,834,789) (2,116,869)
Loss before income taxes (4,062,957) (14,103,982) (15,626,883) (26,748,113)
Provision for income taxes
Net loss (4,062,957) (14,103,982) (15,626,883) (26,748,113)
Net loss available to common stockholders $ (4,062,957) $ (14,103,982) $ (15,626,883) $ (26,748,113)
Net loss per common share – basic (in Dollars per share) $ (0.46) $ (5.92) $ (2.38) $ (11.4)
Weighted average shares outstanding – basic (in Shares) 8,778,152 2,382,848 6,565,853 2,345,794
Net loss $ (4,062,957) $ (14,103,982) $ (15,626,883) $ (26,748,113)
Other comprehensive income (loss) – foreign currency translation 78,815 (536,758) 118,178 (2,247,749)
Comprehensive loss (3,984,142) (14,640,740) (15,508,705) (28,995,862)
Product sales        
Revenue        
Total revenue 558,965 359,112 1,409,534 1,614,435
Laboratory services        
Revenue        
Total revenue 47,135 31,016 112,810 94,515
Collaboration revenue        
Revenue        
Total revenue $ 92,922 $ 58,585 $ 826,257 $ 176,713