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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating expenses        
General and administrative $ 2,010,349 $ 3,514,547 $ 7,921,340 $ 8,783,619
Research and development 1,351,750 2,055,656 5,883,440 6,134,421
Depreciation and amortization 86,296 86,646 259,300 241,413
Total operating expenses 3,448,395 5,656,849 14,064,080 15,159,453
Loss from operations (3,448,395) (5,656,849) (14,064,080) (15,159,453)
Other income (expense)        
Change in fair value of warrant liabilities 67,822 1,599,623 (115,342) 3,845,514
Change in fair value of investment option liability 562,715 1,809,622 (399,921) 1,809,622
Change in fair value of derivative liability (231,000) 727,000 (284,000)
Interest income (expense) 2,237 (308) 3,142 (5,114)
Total other income 632,774 3,177,937 214,879 5,366,022
Net loss before income taxes (2,815,621) (2,478,912) (13,849,201) (9,793,431)
Income tax expense (6,595) (6,595)
Net loss (2,822,216) (2,478,912) (13,855,796) (9,793,431)
Less preferred dividends attributable to non-controlling interest 12,603 19,041 20,411
Less deemed dividends attributable to accretion of embedded derivative at redemption value 110,991 147,988 184,985
Net loss attributable to shareholders (2,822,216) (2,602,506) (14,022,825) (9,998,827)
Other comprehensive loss        
Foreign currency translation 10,433 (417,390) 1,115 (609,695)
Comprehensive loss $ (2,811,783) $ (3,019,896) $ (14,021,710) $ (10,608,522)
Net loss per share - basic $ (1.30) $ (1.46) $ (6.62) $ (8.11)
Net loss per share - diluted $ (1.30) $ (1.46) $ (6.62) $ (8.11)
Weighted average shares outstanding, basic 2,164,656 1,787,235 2,117,153 1,232,936
Weighted average shares outstanding, diluted 2,164,656 1,787,235 2,117,153 1,232,936