XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Total revenues $ 839,359 $ 948,911
Cost of revenues (742,048) (550,822)
Gross profit 97,311 398,089
Operating expenses:    
Research and development 3,312,699 7,944,089
General and administrative 4,482,552 6,692,904
Total operating expenses 7,795,251 14,636,993
Loss from operations (7,697,940) (14,238,904)
Other income (expense):    
Foreign currency transaction gain (loss) 1,483 (30,549)
Interest income (expense), net (49,129) (822,611)
Research and development incentives 23,784 132,869
CARES Act Employee Retention Credit 120,771  
Other income 43,223 5,921
Loss on extinguishment of debt (393,791)  
Change in fair value of convertible debt 43,066  
Total other income (expense) (210,593) (714,370)
Net loss before income taxes (7,908,533) (14,953,274)
Income tax benefit 1,767,803 1,154,935
Net loss applicable to common stockholders $ (6,140,730) $ (13,798,339)
Basic net loss per share (in Dollars per share) $ (0.79) $ (4.81)
Diluted net loss per share (in Dollars per share) $ (0.79) $ (4.81)
Basic weighted average common shares outstanding (in Shares) 7,758,036 2,871,345
Diluted weighted average common shares outstanding (in Shares) 7,758,036 2,871,345
Licensing revenue    
Total revenues   $ 250,000
Grant revenue    
Total revenues $ 839,359 $ 698,911