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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 2,287,977 $ 17,723,884
Prepaid expenses and other current assets 1,293,554 708,053
Total current assets 3,581,531 18,431,937
Other assets:    
Property and equipment, net 507,377 677,485
Right-of-use operating lease asset 63,817
Intangible assets, net 210,932 379,686
Total other assets 718,309 1,120,988
Total assets 4,299,840 19,552,925
Current liabilities:    
Accounts payable 1,218,783 463,275
Accrued liabilities 1,075,643 1,705,655
Current portion of right-of-use operating lease obligation 63,820
Investment option liability 23,608 851,008
Warrant liability 25,470 185,215
Derivative liability 727,000
Total current liabilities 2,343,504 3,995,973
Commitments and contingencies (Note 10)
Mezzanine equity    
Series C redeemable preferred stock, $0.01 par value, 100,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2023 and 2022, respectively
Redeemable non-controlling interest 885,028
Total mezzanine equity 885,028
Shareholders’ equity    
Preferred stock, $0.01 par value, 20,000,000 shares authorized; Series B preferred stock, $0.01 par value, 3,600,000 shares authorized, 0 shares issued and outstanding as of December 31, 2023 and 2022, respectively
Common stock, $0.01 par value, 100,000,000 shares authorized, 2,739,315 and 2,078,271 shares issued and outstanding as of December 31, 2023 and 2022, respectively 27,392 20,782
Additional paid-in capital 100,815,851 94,395,662
Stock subscription receivable (1,817,640)
Accumulated deficit (96,499,518) (79,207,786)
Accumulated other comprehensive loss (569,749) (536,734)
Total shareholders’ equity 1,956,336 14,671,924
Total liabilities, mezzanine equity, and shareholders’ equity $ 4,299,840 $ 19,552,925