Going Concern and Management’s Plans	9 Months Ended
Sep. 30, 2024
Organization and Description of Business [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, 2024 and 2023, the Company reported a net loss of $13.8 million and $16.5 million, respectively, and negative cash from operations of $8.4 million and $11.8 million, respectively. As of September 30, 2024, the Company had cash and cash equivalents of approximately $2.6 million, a working capital deficit of approximately $0.4 million and an accumulated deficit of $132.1 million. The Company has not generated revenues from commercial operations since inception and expects to continue incurring losses for the foreseeable future as it completes the planned Dissolution. Based on the Company’s current working capital and anticipated operating expenses, management believes that there is substantial doubt about its ability to continue as a going concern for a period of 12 months following the date that these unaudited condensed consolidated financial statements are issued.

Going Concern and Management’s Plans

9 Months Ended

Sep. 30, 2024

Organization and Description of Business [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, 2024 and 2023, the Company reported a net loss of $13.8 million and $16.5 million, respectively, and negative cash from operations of $8.4 million and $11.8 million, respectively. As of September 30, 2024, the Company had cash and cash equivalents of approximately $2.6 million, a working capital deficit of approximately $0.4 million and an accumulated deficit of $132.1 million. The Company has not generated revenues from commercial operations since inception and expects to continue incurring losses for the foreseeable future as it completes the planned Dissolution.

Based on the Company’s current working capital and anticipated operating expenses, management believes that there is substantial doubt about its ability to continue as a going concern for a period of 12 months following the date that these unaudited condensed consolidated financial statements are issued.