XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue    
Total revenue $ 5,196,149 $ 3,418,320
Operating expenses    
Cost of products sold 31,636 3,084,075
Cost of services 1,575 424,939
Research and development, net 48,820 4,732,851
General and administrative 4,542,025 8,081,664
Sales and marketing 172,238 2,783,268
Impairment of right-of-use asset (0) 849,243
Impairment of property and equipment 1,231,874
Loss on deconsolidation of subsidiaries 75,138 12,979,061
Total operating expenses 4,871,432 34,166,975
Operating income (loss) 324,717 (30,748,655)
Other income (expense)    
Interest and other income, net 371,444 142,488
Interest expense (7,555) (1,838,933)
Gain on extinguishment of debt 9,738,487
Gain on impairment adjustment 2,079,575
Gain on settlement of compensation expenses 570,785
Change in fair value of EIB loan guaranty (908,586)
Foreign currency transaction gains (losses) 575 (289,306)
Change in fair value of derivative financial instruments 65,876
Total other income (expense) 11,844,725 (1,919,875)
Income (loss) before income taxes 12,169,442 (32,668,530)
Provision for income taxes (176,662)
Net income (loss) 11,992,780 (32,668,530)
Net income (loss) allocated to preferred stockholders - basic (636,742)
Net income (loss) available to common stockholders - basic 11,356,038 (32,668,530)
Net income (loss) allocated to preferred stockholders - diluted
Net income (loss) available to common stockholders - diluted $ 11,992,780 $ (32,668,530)
Earnings (loss) per share attributable to common stockholders    
Basic $ 2.44 $ (41.47)
Diluted $ 2.30 $ (41.47)
Weighted average shares outstanding    
Basic 4,655,225 787,832
Diluted 5,219,902 787,832
Other comprehensive income (loss) - foreign currency translation $ 720,702
Comprehensive income (loss) 11,992,780 (31,947,828)
Product [Member]    
Revenue    
Total revenue 169,373 2,400,053
Service [Member]    
Revenue    
Total revenue 26,776 153,719
Listing sponsorship services [Member]    
Revenue    
Total revenue 5,000,000
Collaboration revenue [Member]    
Revenue    
Total revenue $ 864,548