XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Condensed Statements of Shareholders’ Equity (Deficit) (Unaudited) - USD ($)
Preferred Stock
Series A
Common Stock
[1]
Additional Paid-In Capital
[1]
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total Shareholders ’Equity (Deficit) Attributable to 60P
Noncontrolling Interest on Shareholders
Total
Balance at Dec. 31, 2022 $ 20 $ 5,164,680 $ (28,815,148) $ 73,708 $ (23,576,740) $ (572,320) $ (24,149,060)
Balance (in Shares) at Dec. 31, 2022 198,836            
Cancellation of common stock $ (12) 12
Cancellation of common stock (in Shares) (120,919)            
Share-based compensation to vendors for services $ 12 5,378,896 5,378,908 5,378,908
Share-based compensation to vendors for services (in Shares) 120,253            
Net foreign translation gain (loss) (1,290) (1,290) (1,290)
Net income (loss) (2,600,061) (2,600,061) 2,527 (2,597,534)
Balance at Mar. 31, 2023 $ 20 10,543,588 (31,415,209) 72,418 (20,799,183) (569,793) (21,368,976)
Balance (in Shares) at Mar. 31, 2023 198,170            
Balance at Dec. 31, 2022 $ 20 5,164,680 (28,815,148) 73,708 (23,576,740) (572,320) $ (24,149,060)
Balance (in Shares) at Dec. 31, 2022 198,836            
Voluntary return of shares issued to vendor for services (in Shares)               77,500
Net income (loss)               $ (5,941,125)
Balance at Jun. 30, 2023 $ 20 10,543,588 (34,751,764) 72,044 (24,136,112) (576,829) (24,712,941)
Balance (in Shares) at Jun. 30, 2023 198,170            
Balance at Mar. 31, 2023 $ 20 10,543,588 (31,415,209) 72,418 (20,799,183) (569,793) (21,368,976)
Balance (in Shares) at Mar. 31, 2023 198,170            
Net foreign translation gain (loss) (374) (374) (374)
Net income (loss) (3,336,555) (3,336,555) (7,036) (3,343,591)
Balance at Jun. 30, 2023 $ 20 10,543,588 (34,751,764) 72,044 (24,136,112) (576,829) (24,712,941)
Balance (in Shares) at Jun. 30, 2023 198,170            
Balance at Dec. 31, 2023 $ 9,858,040 $ 48 27,457,335 (32,580,850) 135,561 4,870,134 (72,038) 4,798,096
Balance (in Shares) at Dec. 31, 2023 78,803 484,187            
Issuance of common stock and warrants, net of underwriting discounts and offering costs paid at closing and deferred offering costs $ 44 1,898,252   1,898,296 1,898,296
Issuance of common stock and warrants, net of underwriting discounts and offering costs paid at closing and deferred offering costs (in Shares) 438,414            
Issuance of common stock upon exercise of Pre-Funded Warrants $ 4 4,991 4,995 4,995
Issuance of common stock upon exercise of Pre-Funded Warrants (in Shares) 41,630            
Issuance of shares for RSUs $ 2 (2)    
Issuance of shares for RSUs (in Shares) 16,001            
Net foreign translation gain (loss) (3,894) (3,894) (3,894)
Net income (loss) 430,470 430,470 (2,485) 427,985
Balance at Mar. 31, 2024 $ 9,858,040 $ 98 29,360,576 (32,150,380) 131,667 7,200,001 (74,523) 7,125,478
Balance (in Shares) at Mar. 31, 2024 78,803 980,232            
Balance at Dec. 31, 2023 $ 9,858,040 $ 48 27,457,335 (32,580,850) 135,561 4,870,134 (72,038) $ 4,798,096
Balance (in Shares) at Dec. 31, 2023 78,803 484,187            
Voluntary return of shares issued to vendor for services (in Shares)               0
Net income (loss)               $ (3,746,241)
Balance at Jun. 30, 2024 $ 9,858,040 $ 102 29,365,567 (36,323,135) 134,804 3,035,378 (75,994) 2,959,384
Balance (in Shares) at Jun. 30, 2024 78,803 1,017,198            
Balance at Mar. 31, 2024 $ 9,858,040 $ 98 29,360,576 (32,150,380) 131,667 7,200,001 (74,523) 7,125,478
Balance (in Shares) at Mar. 31, 2024 78,803 980,232            
Issuance of common stock upon exercise of Pre-Funded Warrants $ 4 4,991 4,995 4,995
Issuance of common stock upon exercise of Pre-Funded Warrants (in Shares) 41,629            
Voluntary return of shares issued to vendor for services $ (1) 1  
Voluntary return of shares issued to vendor for services (in Shares) (10,000)            
Issuance of shares for RSUs $ 1 (1)  
Issuance of shares for RSUs (in Shares) 5,337            
Net foreign translation gain (loss) 3,137 3,137 3,137
Net income (loss) (4,172,755) (4,172,755) (1,471) (4,174,226)
Balance at Jun. 30, 2024 $ 9,858,040 $ 102 $ 29,365,567 $ (36,323,135) $ 134,804 $ 3,035,378 $ (75,994) $ 2,959,384
Balance (in Shares) at Jun. 30, 2024 78,803 1,017,198            
[1] Periods presented have been adjusted to reflect the 1:12 reverse stock split on August 12, 2024. See Note 12 - Subsequent Events for more information.