XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Expenses:        
General and administrative $ 470,768 $ 480,875 $ 1,626,352 $ 2,097,801
Total Operating Expenses 831,625 995,380 3,163,433 3,316,394
Loss From Operations (831,625) (995,380) (3,163,433) (3,316,394)
Other (Expense) Income:        
Gain on extinguishment of note payable 17,893 17,893 41,920
Total Other Expense (585,516) (342,758) (1,017,902) (954,915)
Net Loss (1,417,141) (1,338,138) (4,181,335) (4,271,309)
Dividend attributable to Series A, B, and C preferred stockholders (350,984) (309,150) (1,017,520) (907,516)
Net Loss Applicable to Common Stockholders $ (1,768,125) $ (1,647,288) $ (5,198,855) $ (5,178,825)
Net Loss Per Common Share - Basic $ (0.04) $ (0.04) $ (0.13) $ (0.14)
Net Loss Per Common Share - Diluted $ (0.04) $ (0.04) $ (0.13) $ (0.14)
Weighted Average Common Shares Outstanding - Basic 42,426,449 38,191,731 41,321,759 37,492,478
Weighted Average Common Shares Outstanding - Diluted 42,426,449 38,191,731 41,321,759 37,492,478
Nonrelated Party [Member]        
Operating Expenses:        
Research and development $ 346,357 $ 500,005 $ 1,493,581 $ 1,175,093
Other (Expense) Income:        
Interest expense (95,865) (62,463) (136,213) (138,937)
Interest expense - amortization of debt discount (74,718) (29,912) (112,218) (107,487)
Change in fair value of derivative liabilities (62,851) (50,034)
Related Party [Member]        
Operating Expenses:        
Research and development 14,500 14,500 43,500 43,500
Other (Expense) Income:        
Interest expense (260,921) (199,628) (594,326) (496,206)
Interest expense - amortization of debt discount (73,355) (50,755) (111,434) (254,205)
Change in fair value of derivative liabilities $ (35,699) $ (31,570)