Going Concern and Management’s Plans	9 Months Ended
Sep. 30, 2023
Going Concern and Management’s Plans [Abstract]
GOING CONCERN AND MANAGEMENT’S PLANS	NOTE 2 - GOING CONCERN AND MANAGEMENT’S PLANS The accompanying condensed consolidated financial statements have been prepared under the assumption the Company will continue to operate as a going concern, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts of liabilities that may result from uncertainty related to the Company’s ability to continue as a going concern. For the nine months ended September 30, 2023 and 2022, the Company reported a net loss of $16.5 million and $24.4 million, respectively, and negative cash from operations of $11.8 million and $19.6 million, respectively. As of September 30, 2023, the Company had cash and cash equivalents of approximately $9.7 million, a working capital surplus of approximately $9.8 million and an accumulated deficit of $113.6 million. The Company has not generated revenues from commercial operations since inception and expects to continue incurring losses for the foreseeable future and needs to raise additional capital to continue the pursuit of its product development. Management believes that the Company does not have sufficient capital resources to sustain operations through at least the next twelve months from the date of this filing. Additionally, in view of the Company’s expectation to incur significant losses for the foreseeable future it will be required to raise additional capital resources in order to fund its operations, although the availability of, and the Company’s access to such resources, is not assured. Accordingly, management believes that there is substantial doubt regarding the Company’s ability to continue operating as a going concern through at least the next twelve months from the date of this filing. *August 2023 Underwritten Public Offering* On August 17, 2023, the Company completed an underwritten public offering (“August 2023 Offering”), selling 22,880,400 shares of common stock, including 2,984,400 shares of common stock issued pursuant to the full exercise by the underwriter of its over-allotment option, at an offering price of $0.25 per share. The Company received gross proceeds of approximately $5.7 million. The Company received net proceeds of approximately $5.1 million, after deducting underwriting discounts and offering-related expenses.

Going Concern and Management’s Plans

9 Months Ended

Sep. 30, 2023

Going Concern and Management’s Plans [Abstract]

NOTE 2 - GOING CONCERN AND MANAGEMENT’S PLANS

The accompanying condensed consolidated financial statements have been prepared under the assumption the Company will continue to operate as a going concern, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts of liabilities that may result from uncertainty related to the Company’s ability to continue as a going concern.

For the nine months ended September 30, 2023 and 2022, the Company reported a net loss of $16.5 million and $24.4 million, respectively, and negative cash from operations of $11.8 million and $19.6 million, respectively. As of September 30, 2023, the Company had cash and cash equivalents of approximately $9.7 million, a working capital surplus of approximately $9.8 million and an accumulated deficit of $113.6 million. The Company has not generated revenues from commercial operations since inception and expects to continue incurring losses for the foreseeable future and needs to raise additional capital to continue the pursuit of its product development.

Management believes that the Company does not have sufficient capital resources to sustain operations through at least the next twelve months from the date of this filing. Additionally, in view of the Company’s expectation to incur significant losses for the foreseeable future it will be required to raise additional capital resources in order to fund its operations, although the availability of, and the Company’s access to such resources, is not assured. Accordingly, management believes that there is substantial doubt regarding the Company’s ability to continue operating as a going concern through at least the next twelve months from the date of this filing.

August 2023 Underwritten Public Offering

On August 17, 2023, the Company completed an underwritten public offering (“August 2023 Offering”), selling 22,880,400 shares of common stock, including 2,984,400 shares of common stock issued pursuant to the full exercise by the underwriter of its over-allotment option, at an offering price of $0.25 per share. The Company received gross proceeds of approximately $5.7 million. The Company received net proceeds of approximately $5.1 million, after deducting underwriting discounts and offering-related expenses.