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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets:      
Cash $ 3,111,683 $ 2,287,977 $ 17,723,884
Prepaid expenses and other current assets 1,226,576 1,293,554 708,053
Total current assets 4,338,259 3,581,531 18,431,937
Other assets:      
Property and equipment, net 367,689 507,377 677,485
Right-of-use operating lease asset   63,817
Intangible assets, net 84,368 210,932 379,686
Total other assets 452,057 718,309 1,120,988
Total assets 4,790,316 4,299,840 19,552,925
Current liabilities:      
Accounts payable 576,324 1,218,783 463,275
Accrued liabilities 253,150 1,075,643 1,705,655
Current portion of right-of-use operating lease obligation   63,820
Investment option liability 4,944 23,608 851,008
Warrant liability 4,748 25,470 185,215
Derivative liability   727,000
Total current liabilities 839,166 2,343,504 3,995,973
Commitments and contingencies (Note 9)
Mezzanine equity      
Series C redeemable preferred stock, $0.01 par value, 100,000 shares authorized, and 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023
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 September 30, 2024 and December 31, 2023
Common stock, $0.01 par value, 100,000,000 shares authorized, 8,994,920 and 2,739,315 shares issued and outstanding as of September 30, 2024 and December 31, 2023 89,949 27,392 20,782
Additional paid-in capital 107,316,058 100,815,851 94,395,662
Stock subscription receivable (1,817,640)
Accumulated deficit (102,919,859) (96,499,518) (79,207,786)
Accumulated other comprehensive loss (534,998) (569,749) (536,734)
Total shareholders’ equity 3,951,150 1,956,336 14,671,924
Total liabilities, mezzanine equity, and shareholders’ equity $ 4,790,316 $ 4,299,840 $ 19,552,925