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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenues   $ 130,440 $ 119,371 $ 594,547
Cost of revenues   (110,441) (119,371) (520,502)
Gross profit   19,999   74,045
Operating expenses:        
Research and development $ 968,689 826,015 2,564,887 2,535,165
General and administrative 896,547 973,040 3,162,115 3,098,949
Total operating expenses 1,865,236 1,799,055 5,727,002 5,634,114
Loss from operations (1,865,236) (1,779,056) (5,727,002) (5,560,069)
Other income (expense):        
Foreign currency transaction gain (loss) 575 (3,046) 2,257 310
Interest income (expense), net 78,836 66,363 143,603 (97,399)
Research and development incentives   4,729 (25,488) 17,386
CARES Act Employee Retention Credit 66,444 120,771 66,444 120,771
Other income     43 43,223
Loss on extinguishment of debt       (393,791)
Change in fair value of convertible debt   (72,463) 260,933 387,537
Total other income 145,855 116,354 447,792 78,037
Net loss before income taxes (1,719,381) (1,662,702) (5,279,210) (5,482,032)
Income tax benefit       1,161,197
Net loss applicable to common stockholders $ (1,719,381) $ (1,662,702) $ (5,279,210) $ (4,320,835)
Basic net loss per share (in Dollars per share) [1] $ (0.78) $ (2.56) $ (3.84) $ (10.05)
Diluted net loss per share (in Dollars per share) [1] $ (0.78) $ (2.56) $ (3.84) $ (10.05)
Basic weighted average common shares outstanding (in Shares) [1] 2,203,929 648,860 1,376,568 429,773
Diluted weighted average common shares outstanding (in Shares) [1] 2,203,929 648,860 1,376,568 429,773
Grant revenue        
Total revenues   $ 130,440 $ 119,371 $ 594,547
[1] Adjusted to reflect the reverse stock split of one-for-sixteen effective June 5, 2024