XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating expenses        
General and administrative $ 3,155,400 $ 2,501,206 $ 5,910,991 $ 5,269,072
Research and development 2,513,089 2,120,051 4,531,690 4,078,765
Depreciation and amortization 86,518 85,502 173,004 154,767
Total operating expenses 5,755,007 4,706,759 10,615,685 9,502,604
Loss from operations (5,755,007) (4,706,759) (10,615,685) (9,502,604)
Other income (expense)        
Change in fair value of warrant liabilities (233,821) 1,969,922 (183,164) 2,245,891
Change in fair value of investment option liability (1,082,141) (962,636)
Change in fair value of derivative liability 714,000 (53,000) 727,000 (53,000)
Interest income (expense) 916 (668) 905 (4,806)
Total other (expense) income (601,046) 1,916,254 (417,895) 2,188,085
Net loss (6,356,053) (2,790,505) (11,033,580) (7,314,519)
Less preferred dividends attributable to non-controlling interest 6,712 7,808 19,041 7,808
Less deemed dividends attributable to accretion of embedded derivative at redemption value 36,997 73,994 147,988 73,994
Net loss attributable to shareholders (6,399,762) (2,872,307) (11,200,609) (7,396,321)
Other comprehensive loss        
Foreign currency translation (11,286) (281,014) (9,318) (192,305)
Comprehensive loss $ (6,411,048) $ (3,153,321) $ (11,209,927) $ (7,588,626)
Net loss per share - basic $ (3.04) $ (2.73) $ (5.35) $ (7.78)
Net loss per share - diluted $ (3.04) $ (2.73) $ (5.35) $ (7.78)
Weighted average shares outstanding, basic 2,107,583 1,053,760 2,093,008 951,193
Weighted average shares outstanding, diluted 2,107,583 1,053,760 2,093,008 951,193