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Condensed Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Gross sales $ 90,829 $ 0
Discounts and allowances (40,511)  
Net sales 50,318 0
Cost of sales 6,357 0
Gross profit 43,961 0
Operating expenses:    
Selling and marketing 189,323
Research and development 1,054,310 2,497,218
General and administrative 3,715,340 2,622,945
Depreciation and amortization of intangible assets 83,486 97,113
Restructuring charges 0 726,280
Total operating expenses 5,042,459 5,943,556
Loss from operations (4,998,498) (5,943,556)
Other income (expense):    
Other income 44,798 68,772
Interest expense (29,466) (853,805)
Amortization of debt discount (19,549) (35,513)
Loss on forward purchase agreement (5,700,451) (10,268,130)
Loss on lease termination (44,577) 0
Change in fair value of derivative liabilities 0 826,980
Total other income (expense) (5,749,245) (10,261,696)
Loss from continuing operations before income taxes (10,747,743) (16,205,252)
Income tax benefit (97,279) 0
Loss from continuing operations (10,650,464) (16,205,252)
(Loss) income from discontinued operations, net of tax (1,152,276) 760,165
Gain on sale of discontinued operations attributable to common shareholders 1,434,479 0
Net loss (10,368,261) (15,445,087)
Dividends on Legacy Series A, Legacy Series C-1, and Legacy C-2 preferred stock 0 (676,023)
Net loss attributable to common stockholders $ (10,368,261) $ (16,121,110)
Basic    
Net loss from continuing operations - basic $ (0.50) $ (1.53)
Discontinued operations, net of tax - basic 0.01 0.07
Net loss per common share - basic (0.49) (1.46)
Diluted    
Net loss from continuing operations - diluted (0.50) (1.53)
Discontinued operations, net of tax - diluted 0.01 0.07
Net loss per common share - diluted $ (0.49) $ (1.46)
Weighted average of shares outstanding , Basic 21,362,735 11,021,167
Weighted average of shares outstanding , Diluted 21,362,735 11,021,167