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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating expenses        
General and administrative $ 1,235,661 $ 2,080,644 $ 4,467,065 $ 8,273,344
Research and development 762,717 1,281,455 1,736,373 5,531,436
Depreciation and amortization 84,814 86,296 255,002 259,300
Total operating expenses 2,083,192 3,448,395 6,458,440 14,064,080
Loss from operations (2,083,192) (3,448,395) (6,458,440) (14,064,080)
Other income (expense)        
Change in fair value of warrant liabilities (122) 67,822 20,722 (115,342)
Change in fair value of investment option liability (501) 562,715 18,664 (399,921)
Change in fair value of derivative liability 727,000
Interest income (expense), net (217) 2,237 444 3,142
Total other income (expense) (840) 632,774 39,830 214,879
Net loss before income taxes (2,084,032) (2,815,621) (6,418,610) (13,849,201)
Income tax expense (6,595) (1,731) (6,595)
Net loss (2,084,032) (2,822,216) (6,420,341) (13,855,796)
Less preferred dividends attributable to non-controlling interest 19,041
Less deemed dividends attributable to accretion of embedded derivative at redemption value 147,988
Net loss attributable to shareholders (2,084,032) (2,822,216) (6,420,341) (14,022,825)
Other comprehensive income        
Foreign currency translation 31,497 10,433 34,751 1,115
Comprehensive loss $ (2,052,535) $ (2,811,783) $ (6,385,590) $ (14,021,710)
Net loss per share - basic $ (0.24) $ (1.30) $ (0.95) $ (6.62)
Net loss per share - diluted $ (0.24) $ (1.30) $ (0.95) $ (6.62)
Weighted average shares outstanding, basic 8,702,951 2,164,656 6,771,162 2,117,153
Weighted average shares outstanding, diluted 8,702,951 2,164,656 6,771,162 2,117,153