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Condensed Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net loss from continuing operations attributable to common stockholders $ (16,205,252) $ (9,051,334)
Discontinued operations, net of tax 760,165 0
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 667,682 636,368
Depreciation and amortization of intangible assets 97,113 94,298
Amortization of right of use assets 27,675 148,258
Amortization of debt discount 35,513 2,044,241
Change in fair value of forward purchase agreement 10,268,130 0
Change in fair value of derivative liabilities (826,980) (1,259,287)
Non-cash interest expense 250,000 0
Loss on extinguishment of debt 0 1,064,692
Interest recognized upon default 0 555,556
Changes in operating assets and liabilities:    
Prepaid expenses (659,927) (55,069)
Assets available for sale 18,938,353 0
Income taxes receivable (204,559)  
Other current assets 28,175 (28,175)
Accounts payable (449,873) 1,059,946
Accrued expenses and other liabilities 570,221 429,790
Lease liability (257,720) (124,840)
Accrued interest - related and third-party (109,379) 1,056,849
Liabilities available for sales (20,732,104)  
Income tax payable (545,441) 0
Net cash used in operating activities (8,348,208) (3,428,707)
Cash flows from investing activities:    
Purchases of property and equipment (30,470) (7,164)
Net cash used in investing activities (30,470) (7,164)
Cash Flows from Financing Activities:    
Gross proceeds from Business Combination 30,951,174 0
Transaction costs paid in connection with the Business Combination (951,898) 0
Cash transferred in connection with Forward Purchase Agreement (17,535,632) 0
Proceeds from common stock option exercises 41,073 1,271
Proceeds from issuance of loans and related warrants 1,859,980 0
Payment of loans (551,833) 0
Payment of convertible notes (2,649,874) 0
Proceeds from convertible notes 0 2,745,974
Issuance of Series C-1 preferred stock 0 1,064,317
Repurchase of common stock 0 (2,294)
Payment of debt financing fee 0 (382,222)
Payment of offering costs 0 (20,332)
Proceeds from warrant exercise 0 144,944
Net cash provided by financing activities 11,162,990 3,551,658
Net increase in cash 2,784,312 115,787
Cash - beginning of the period 128,149 12,362
Cash - end of the period 2,912,461 128,149
Supplemental cash flow information:    
Interest paid 283,526 92,593
Income tax paid 750,000 0
Non-cash financing activity:    
Net assets acquired in AxoBio Acquisition 43,135,082 0
Earnout liability and deferred consideration payable in connection with AxoBio Acquisition 21,482,292 0
Issuance of Series A preferred stock and common stock in connection with AxoBio Acquisition 21,652,790 0
Accrued Series A preferred stock dividends 164,510 307,926
Accrued Series C-1 preferred stock dividends 40,551 9,470
Accrued Series C-2 preferred stock dividends 470,962 239,104
Debt discount recorded in connection with loans payable 55,062 0
Conversion of common stock and preferred stock in connection with the Business Combination 32,092,096 0
Conversion of convertible notes and accrued notes to Series C-2 preferred stock 0 15,665,171
Warrants issued in connection with convertible notes 0 409,483
Warrants issued in connection with Series C-1 preferred stock 0 312,088
Initial recognition of derivative liabilities $ 0 $ 1,321,860