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Consolidated Condensed Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Product and Service Revenues, net $ 135,293 $ 51,188 $ 376,728 $ 127,892 $ 253,573 $ 223,208
Cost of Revenues 111,687 71,196 266,688 328,293 474,550 432,370
Gross Profit (Loss) 23,606 (20,008) 110,040 (200,401) (220,977) (209,162)
Research Revenues 12,818 75,566 43,177 82,974 288,002
Net Revenue (Loss) 36,424 55,558 153,217 (117,427) (220,977) 78,840
Operating Expenses:            
Research and Development 940,063 263,703 4,372,571 591,569 691,770 525,563
General and Administrative Expenses 1,215,053 1,313,617 3,419,747 2,551,426 4,241,836 1,303,722
Total Operating Expenses 2,155,116 1,577,320 7,792,318 3,142,995 4,933,606 1,829,285
Loss from Operations (2,118,692) (1,521,762) (7,639,101) (3,260,422) (5,154,583) (1,750,445)
Interest Expense (1,467) (40,106) (6,490) (2,281,191) (2,286,637) (3,989,359)
Derivative Expense (399,725) (399,725) (504,613)
Change in Fair Value of Derivative Liabilities (56,712) 92,490 1,683,034 95,324 (37,278) (10,312)
Loss on Debt Extinguishment (391,593) (1,231,480) (1,231,480) 120,683
Change in Fair Value of Promissory Note 6,105,066 5,379,269 5,379,269
Other Income (Expense), net 16,623 (70,490) 56,569 (69,169) (83,116) (43,238)
Total Interest and Other Income (Expense), net (41,556) 5,695,367 1,733,113 1,493,028 1,341,033 (4,426,839)
(Loss) Income from Operations before Provision for Income Taxes (2,160,248) 4,173,605 (5,905,988) (1,767,394) (3,813,550) (6,177,284)
Provision for Income Taxes (Note 9) 250 63 751 189 250 500
Net (Loss) Income including Noncontrolling Interest (2,160,498) 4,173,542 (5,906,739) (1,767,583) (3,813,800) (6,177,784)
Net (Loss) Income - Noncontrolling Interest (713) (9,656) (4,669) (14,165) (48,098) 3,936
Net (Loss) Income - attributed to 60 Degrees Pharmaceuticals, Inc. (2,159,785) 4,183,198 (5,902,070) (1,753,418) (3,765,702) (6,181,720)
Comprehensive (Loss) Income:            
Net (Loss) Income (2,160,498) 4,173,542 (5,906,739) (1,767,583) (3,813,800) (6,177,784)
Unrealized Foreign Currency Translation Gain (Loss) 4,403 9,342 3,646 7,678 61,853 (2,127)
Total Comprehensive (Loss) Income (2,156,095) 4,182,884 (5,903,093) (1,759,905) (3,751,947) (6,179,911)
Net (Loss) Income - Noncontrolling Interest (713) (9,656) (4,669) (14,165) (48,098) 3,936
Comprehensive (Loss) Income – attributed to 60 Degrees Pharmaceuticals, Inc. (2,155,382) 4,192,540 (5,898,424) (1,745,740) (3,703,849) (6,183,847)
Cumulative Dividends on Series A Preferred Stock (116,571) (101,538) (352,333) (101,538) (220,714)
Net (Loss) Income - attributed to Common Shareholders $ (2,271,953) $ 4,091,002 $ (6,250,757) $ (1,847,278) $ (3,924,563) $ (6,183,847)
Net (Loss) Income per Common Share:            
Basic (in Dollars per share) $ (0.93) [1] $ 9.13 [1] $ (4.35) [1] $ (6.59) [1] $ (0.99) $ (2.61)
Diluted (in Dollars per share) $ (0.93) [1] $ 9.13 [1] $ (4.35) [1] $ (6.59) [1] $ (0.99) $ (2.61)
Weighted average number of common shares outstanding            
Basic (in Shares) 2,443,198 [1] 448,174 [1] 1,437,584 [1] 280,391 [1] 3,960,280 2,367,729
Diluted (in Shares) 2,443,198 [1] 448,174 [1] 1,437,584 [1] 280,391 [1] 3,960,280 2,367,729
Product Revenues - net of Discounts and Rebates            
Product and Service Revenues, net $ 135,293 $ 51,188 $ 365,939 $ 127,892 $ 253,573 $ 192,913
Service Revenues            
Product and Service Revenues, net $ 10,789 $ 30,295
[1] Periods presented have been adjusted to reflect the 1:12 reverse stock split on August 12, 2024.