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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue, net of discounts $ 12,320 $ 0 $ 12,320 $ 0
Cost of Goods Sold 292 0 292 0
Gross Profit 12,028 0 12,028 0
Operating expenses:        
Selling and marketing 11,045 0 11,045 0
Research and development 104,066 823,657 533,486 1,563,982
General and administrative 1,064,874 637,453 1,992,268 1,147,898
Depreciation and amortization of intangible assets 23,530 26,274 47,061 50,375
Total operating expenses 1,203,515 1,487,384 2,583,860 2,762,255
Loss from operations (1,191,487) (1,487,384) (2,571,832) (2,762,255)
Other income (expense):        
Other income (expense) 19,771 (461) 28,825 34,080
Interest expense (3,264) (268,437) (14,830) (531,034)
Amortization of debt discount (6,081) (7,597) (19,549) (8,300)
Loss on forward purchase agreement (2,123,477) 0 (4,280,314) 0
Change in fair value of derivative liabilities 0 (3,545,073) 0 (3,870,158)
Total other income (expense) (2,113,051) (3,821,568) (4,285,868) (4,375,412)
Loss from continuing operations before provision for income taxes (3,304,538) (5,308,952) (6,857,700) (7,137,667)
Provision for income taxes 0 0 0 0
Loss from continuing operations (3,304,538) (5,308,952) (6,857,700) (7,137,667)
Loss from discontinued operations attributable to common shareholders 0 0 (1,252,276) 0
Gain on sale of discontinued operations attributable to common shareholders 0 0 1,534,479 0
Net loss (3,304,538) (5,308,952) (6,575,497) (7,137,667)
Dividends on Legacy Series A, Legacy Series C-1, and Legacy C-2 preferred stock 0 (315,477) 0 (626,645)
Net loss attributable to common stockholders $ (3,304,538) $ (5,624,429) $ (6,575,497) $ (7,764,312)
Basic        
Net loss from continuing operations - basic $ (0.16) $ (5.00) $ (0.31) $ (6.89)
Discontinued operations, net of tax - basic 0 0 0.01 0
Net loss per common share - basic (0.16) (5.00) (0.30) (6.89)
Diluted        
Net loss from continuing operations - diluted (0.16) (5.00) (0.31) (6.89)
Discontinued operations, net of tax - diluted 0 0 0.01 0
Net loss per common share - diluted $ (0.16) $ (5.00) $ (0.30) $ (6.89)
Weighted average of shares outstanding , Basic 20,735,019 1,124,601 21,825,089 1,126,673
Weighted average of shares outstanding , Diluted 20,735,019 1,124,601 21,825,089 1,126,673