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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating expenses        
General and administrative $ 1,297,651 $ 3,272,900 $ 3,231,404 $ 6,192,700
Research and development 515,501 2,395,589 973,656 4,249,981
Depreciation and amortization 84,779 86,518 170,188 173,004
Total operating expenses 1,897,931 5,755,007 4,375,248 10,615,685
Loss from operations (1,897,931) (5,755,007) (4,375,248) (10,615,685)
Other income (expense)        
Change in fair value of warrant liabilities 10,805 (233,821) 20,844 (183,164)
Change in fair value of investment option liability 7,767 (1,082,141) 19,165 (962,636)
Change in fair value of derivative liability 714,000 727,000
Interest income (expense), net (35) 916 661 905
Total other income (expense) 18,537 (601,046) 40,670 (417,895)
Net loss before income taxes (1,879,394) (6,356,053) (4,334,578) (11,033,580)
Income tax expense (1,731)
Net loss (1,879,394) (6,356,053) (4,336,309) (11,033,580)
Less preferred dividends attributable to non-controlling interest 6,712 19,041
Less deemed dividends attributable to accretion of embedded derivative at redemption value 36,997 147,988
Net loss attributable to shareholders (1,879,394) (6,399,762) (4,336,309) (11,200,609)
Other comprehensive loss        
Foreign currency translation (14,652) (11,286) 3,254 (9,318)
Comprehensive loss $ (1,894,046) $ (6,411,048) $ (4,333,055) $ (11,209,927)
Net loss per share - basic $ (0.25) $ (3.04) $ (0.75) $ (5.35)
Net loss per share - diluted $ (0.25) $ (3.04) $ (0.75) $ (5.35)
Weighted average shares outstanding, basic 7,587,851 2,107,583 5,794,653 2,093,008
Weighted average shares outstanding, diluted 7,587,851 2,107,583 5,794,653 2,093,008