XML 18 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Changes in Mezzanine Equity and Shareholders' Equity (Unaudited) - USD ($)
Redeemable Noncontrolling Interest [Member]
Mezzanine Equity [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Subscription Receivable [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance at Dec. 31, 2022 $ 885,028 $ 885,028 $ 20,782 $ 94,395,662   $ (79,207,786) $ (536,734) $ 14,671,924
Beginning balance, shares at Dec. 31, 2022     2,078,271          
Mezzanine equity balance, shares at Dec. 31, 2022 1,000              
Stock-based compensation 532,835   532,835
Foreign exchange translation gain (loss)   1,968 1,968
Net loss   (4,677,527) (4,677,527)
Preferred dividends attributable to redeemable 12,329 12,329 (12,329)   (12,329)
Accretion of embedded derivative to redemption value 110,991 110,991 (110,991)   (110,991)
Balance at Mar. 31, 2023 $ 1,008,348 1,008,348 $ 20,782 94,805,177   (83,885,313) (534,766) 10,405,880
Ending balance, shares at Mar. 31, 2023     2,078,271          
Mezzanine equity balance, shares at Mar. 31, 2023 1,000              
Balance at Dec. 31, 2022 $ 885,028 885,028 $ 20,782 94,395,662   (79,207,786) (536,734) 14,671,924
Beginning balance, shares at Dec. 31, 2022     2,078,271          
Mezzanine equity balance, shares at Dec. 31, 2022 1,000              
Foreign exchange translation gain (loss)               1,115
Net loss               (13,855,796)
Preferred dividends attributable to redeemable               (19,041)
Accretion of embedded derivative to redemption value               (147,988)
Balance at Sep. 30, 2023 $ 21,818 96,013,029   (93,063,582) (535,619) 2,435,646
Ending balance, shares at Sep. 30, 2023     2,181,912          
Mezzanine equity balance, shares at Sep. 30, 2023              
Balance at Dec. 31, 2022 $ 885,028 885,028 $ 20,782 94,395,662   (79,207,786) (536,734) 14,671,924
Beginning balance, shares at Dec. 31, 2022     2,078,271          
Mezzanine equity balance, shares at Dec. 31, 2022 1,000              
Proceeds from the subscription receivable related to the exercise of warrants and preferred investment options and issuance of common stock in abeyance, shares     418,000          
Balance at Dec. 31, 2023 $ 27,392 100,815,851 $ (1,817,640) (96,499,518) (569,749) 1,956,336
Ending balance, shares at Dec. 31, 2023     2,739,315          
Balance at Mar. 31, 2023 $ 1,008,348 1,008,348 $ 20,782 94,805,177   (83,885,313) (534,766) 10,405,880
Beginning balance, shares at Mar. 31, 2023     2,078,271          
Mezzanine equity balance, shares at Mar. 31, 2023 1,000              
Stock-based compensation 879,738   879,738
Foreign exchange translation gain (loss)   (11,286) (11,286)
Net loss   (6,356,053) (6,356,053)
Preferred dividends attributable to redeemable 6,712 6,712 (6,712)   (6,712)
Accretion of embedded derivative to redemption value 36,997 36,997 (36,997)   (36,997)
Redemption of Series A preferred stock $ (1,052,057) (1,052,057)  
Redemption of Series A preferred stock, shares (1,000)              
Issuance of common shares in exchange for RSU conversions from the reduction in force $ 635 (635)  
Issuance of common shares in exchange for RSU conversions from the reduction in force, shares     63,511          
Balance at Jun. 30, 2023 $ 21,417 95,640,571   (90,241,366) (546,052) 4,874,570
Ending balance, shares at Jun. 30, 2023     2,141,782          
Mezzanine equity balance, shares at Jun. 30, 2023              
Stock-based compensation 372,859   372,859
Foreign exchange translation gain (loss)   10,433 10,433
Net loss   (2,822,216) (2,822,216)
Issuance of common shares for vested RSU $ 401 (401)  
Issuance of common shares for vested RSU, shares     40,130          
Balance at Sep. 30, 2023 $ 21,818 96,013,029   (93,063,582) (535,619) 2,435,646
Ending balance, shares at Sep. 30, 2023     2,181,912          
Mezzanine equity balance, shares at Sep. 30, 2023              
Balance at Dec. 31, 2023 $ 27,392 100,815,851 (1,817,640) (96,499,518) (569,749) 1,956,336
Beginning balance, shares at Dec. 31, 2023     2,739,315          
Stock-based compensation 351,488 351,488
Common stock sold under the Purchase Agreement, net of offering costs of $290,029     $ 16,680 1,792,109 1,808,789
Common stock sold under the Equity Distribution Agreement, shares     1,668,000          
Issuance of direct offering shares (see Note 7)     $ 2,287 320,166 322,453
Issuance of direct offering shares, shares     228,690          
Exercise of Inducement Warrants for common stock     $ 19,540 2,657,440 2,676,980
Exercise of Inducement Warrants for common stock, shares     1,954,000          
Proceeds from the subscription receivable related to the issuance of Inducement Warrants, net of offering costs of $12,821     (12,821) 280,500 267,679
Proceeds from the subscription receivable related to the exercise of warrants and preferred investment options and issuance of common stock in abeyance     $ 7,040 (7,040) 1,537,140 1,537,140
Proceeds from the subscription receivable related to the exercise of warrants and preferred investment options and issuance of common stock in abeyance, shares     704,000          
Foreign exchange translation gain (loss)     17,906 17,906
Net loss (2,456,915) (2,456,915)
Balance at Mar. 31, 2024 $ 72,939 105,917,193 (98,956,433) (551,843) 6,481,856
Ending balance, shares at Mar. 31, 2024     7,294,005          
Balance at Dec. 31, 2023 $ 27,392 100,815,851 (1,817,640) (96,499,518) (569,749) 1,956,336
Beginning balance, shares at Dec. 31, 2023     2,739,315          
Foreign exchange translation gain (loss)               34,751
Net loss               (6,420,341)
Preferred dividends attributable to redeemable              
Accretion of embedded derivative to redemption value              
Balance at Sep. 30, 2024 $ 89,949 107,316,058 (102,919,859) (534,998) 3,951,150
Ending balance, shares at Sep. 30, 2024     8,994,920          
Balance at Mar. 31, 2024 $ 72,939 105,917,193 (98,956,433) (551,843) 6,481,856
Beginning balance, shares at Mar. 31, 2024     7,294,005          
Stock-based compensation     369,614 369,614
Common stock sold under the Purchase Agreement, net of offering costs of $290,029     $ 1,250 (1,250)
Common stock sold under the Equity Distribution Agreement, shares     125,000          
Issuance of direct offering shares (see Note 7)     $ 4,580 444,260 448,840
Issuance of direct offering shares, shares     458,000          
Foreign exchange translation gain (loss)     (14,652) (14,652)
Net loss (1,879,394) (1,879,394)
Issuance of common shares for vested RSU     $ 16 (16)
Issuance of common shares for vested RSU, shares     1,563          
Balance at Jun. 30, 2024 $ 78,785 106,729,801 (100,835,827) (566,495) 5,406,264
Ending balance, shares at Jun. 30, 2024     7,878,568          
Stock-based compensation     369,614 369,614
Common stock sold under the Purchase Agreement, net of offering costs of $290,029     $ 10,905 216,902 227,807
Common stock sold under the Equity Distribution Agreement, shares     1,090,477          
Foreign exchange translation gain (loss)     31,497 31,497
Net loss (2,084,032) (2,084,032)
Issuance of common shares for vested RSU     $ 259 (259)
Issuance of common shares for vested RSU, shares     25,875          
Balance at Sep. 30, 2024 $ 89,949 $ 107,316,058 $ (102,919,859) $ (534,998) $ 3,951,150
Ending balance, shares at Sep. 30, 2024     8,994,920