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Condensed Consolidated Statements of Operations and Comprehensive Income Loss (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 28,000 $ 736,137 $ 196,149 $ 1,649,581
Operating expenses        
Cost of products sold (41,600) 714,392 31,636 1,306,770
Cost of services 204,102 1,575 332,408
Research and development, net 22,964 1,388,792 48,820 3,201,624
General and administrative 1,568,619 2,425,007 3,252,770 4,848,960
Sales and marketing 25,327 1,160,200 153,973 2,186,287
Total operating expenses 1,575,310 5,892,493 3,488,774 11,876,049
Operating loss (1,547,310) (5,156,356) (3,292,625) (10,226,468)
Other income (expense)        
Interest and other income 150,658 31,215 150,668 61,323
Interest expense (1,079) (684,498) (1,079) (1,301,796)
Gain on impairment adjustment 2,079,575
Foreign currency transaction gains (losses) 184 (60,401) 465 (152,396)
Change in fair value of derivative financial instruments 42,717 55,411
Change in fair value of EIB loan guaranty (178,802) (225,386)
Total other (expense) income (29,039) (670,967) 2,004,243 (1,337,458)
Loss before income taxes (1,576,349) (5,827,323) (1,288,382) (11,563,926)
Provision for income taxes
Net loss (1,576,349) (5,827,323) (1,288,382) (11,563,926)
Net loss available to common stockholders $ (1,576,349) $ (5,827,323) $ (1,288,382) $ (11,563,926)
Net loss per common share – basic and diluted $ (1.18) $ (9.33) $ (0.98) $ (21.32)
Weighted average shares outstanding – basic and diluted 1,340,285 624,633 1,312,544 542,455
Net loss $ (1,576,349) $ (5,827,323) $ (1,288,382) $ (11,563,926)
Other comprehensive (loss) income – foreign currency translation (113,704) 39,363
Comprehensive loss (1,576,349) (5,941,027) (1,288,382) (11,524,563)
Product [Member]        
Revenue        
Total revenue 28,000 439,672 169,373 850,569
Service [Member]        
Revenue        
Total revenue 44,003 26,776 65,676
Collaborations Revenue [Member]        
Revenue        
Total revenue $ 252,462 $ 733,336