XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating expenses:        
Research and development $ 122,638 $ 302,694 $ 300,533 $ 630,353
General and administrative 229,868 581,032 511,746 982,409
Total operating expenses 352,506 883,726 812,279 1,612,762
Loss from operations (352,506) (883,726) (812,279) (1,612,762)
Other income (expense):        
Gain on redemption of preferred stock of Holocom 356,000 0 433,000 0
Interest income 3,378 7 3,386 14
Change in valuation of derivative liability 33,900 800 46,700 1,300
Non-cash interest expense on convertible notes (18,283) (18,282) (36,365) (32,770)
Accretion to redemption value on convertible notes (2,877) (26,031) (11,473) (46,498)
Total other income (expense), net 372,118 (43,506) 435,248 (77,954)
Income (loss) before income taxes 19,612 (927,232) (377,031) (1,690,716)
Provision for income taxes 0 2,400 2,400 2,400
Net income (loss) $ 19,612 $ (929,632) $ (379,431) $ (1,693,116)