XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating expenses:        
Research and development $ 252 $ 732 $ 28,927
General and administrative 96,330 238,758 263,071 436,958
Goodwill impairment (See note 2 and 3) 6,083,146 6,083,146
Total operating expenses 96,582 6,321,904 263,803 6,549,031
Loss from operations (96,582) (6,321,904) (263,803) (6,549,031)
Other income (expense):        
Interest expense, net (215,619) (257,396) (450,330) (651,675)
Reimbursement for expenses - related party 10,398 22,937 72,246
Change in fair value of derivative on debt 23,630 (307,698) 26,106 (327,594)
Loss on extinguishment / conversion of debt (88,258)
Miscellaneous income 36,988
Total other income (expense) (181,591) (528,106) (489,545) (907,023)
Net income (loss) before non-controlling interests (278,173) (6,850,010) (753,348) (7,456,054)
Net income (loss) attributable to non-controlling interests (68,336) (93,010) (134,835) (173,635)
Net income (loss) attributable to Oncotelic Therapeutics, Inc. $ (209,837) $ (6,757,000) $ (618,513) $ (7,282,419)
Basic net income (loss) per share attributable to common stock $ (0.00) $ (0.02) $ (0.00) $ (0.02)
Basic weighted average common stock outstanding 401,595,958 394,374,227 401,487,247 393,829,610