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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Operating expenses            
General and administrative $ 1,235,661 $ 2,080,644 $ 4,467,065 $ 8,273,344 $ 8,852,021 $ 11,605,761
Research and development 762,717 1,281,455 1,736,373 5,531,436 7,252,437 8,027,773
Impairment of intangible assets and goodwill         7,453,662
Depreciation and amortization 84,814 86,296 255,002 259,300 343,982 327,910
Total operating expenses 2,083,192 3,448,395 6,458,440 14,064,080 16,448,440 27,415,106
Loss from operations (2,083,192) (3,448,395) (6,458,440) (14,064,080) (16,448,440) (27,415,106)
Other income (expense)            
Inducement expense, net         (1,848,235)
Change in fair value of warrant liabilities (122) 67,822 20,722 (115,342) 94,396 4,315,236
Change in fair value of investment option liability (501) 562,715 18,664 (399,921) 208,752 3,472,726
Change in fair value of derivative liability 727,000 727,000 (325,000)
Interest income (expense), net (217) 2,237 444 3,142 3,708 (5,249)
Total other income (expense) (840) 632,774 39,830 214,879 (814,379) 7,457,713
Net loss before income taxes (2,084,032) (2,815,621) (6,418,610) (13,849,201) (17,262,819) (19,957,393)
Income tax expense (6,595) (1,731) (6,595) (28,913) 1,486,060
Net loss (2,084,032) (2,822,216) (6,420,341) (13,855,796) (17,291,732) (18,471,333)
Less preferred dividends attributable to non-controlling interest 19,041 19,041 33,014
Less deemed dividends attributable to accretion of embedded derivative at redemption value 147,988 147,988 295,976
Net loss attributable to shareholders (2,084,032) (2,822,216) (6,420,341) (14,022,825) (17,458,761) (18,800,323)
Other comprehensive income            
Foreign currency translation 31,497 10,433 34,751 1,115 (33,015) (505,932)
Comprehensive loss $ (2,052,535) $ (2,811,783) $ (6,385,590) $ (14,021,710) $ (17,491,776) $ (19,306,255)
Net loss per share - basic $ (0.24) $ (1.30) $ (0.95) $ (6.62) $ (8.09) $ (13.00)
Net loss per share - diluted $ (0.24) $ (1.30) $ (0.95) $ (6.62) $ (8.09) $ (13.00)
Weighted average shares outstanding, basic 8,702,951 2,164,656 6,771,162 2,117,153 2,159,063 1,446,007
Weighted average shares outstanding, diluted 8,702,951 2,164,656 6,771,162 2,117,153 2,159,063 1,446,007