XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating expenses:        
Research and development $ 1,700 $ 621,927 $ 690,705 $ 3,135,413
General and administrative 593,739 1,187,035 4,505,256 4,475,642
Total operating expenses 595,439 1,808,962 5,195,961 7,611,055
Loss from operations (595,439) (1,808,962) (5,195,961) (7,611,055)
Other income (expense):        
Interest expense, net (606,824) (445,363) (1,999,164) (1,400,249)
PPP loan forgiveness 253,347 253,347
Gain on derecognition of non-financial asset 16,951,477
Reimbursement for expenses - related party 237,165 484,657
Change in fair value of derivative on debt 105,662 145,449 37,740 239,278
Loss on debt conversion (257,810) (27,504)
Total other income (expense) (263,997) (46,567) 15,216,900 (935,128)
Net income (loss) before non-controlling interests (859,436) (1,855,529) 10,020,939 (8,546,183)
Net loss attributable to non-controlling interests (81,501) (293,001) (363,465) (949,295)
Net income (loss) attributable to Oncotelic Therapeutics, Inc. $ (777,935) $ (1,562,528) $ 10,384,404 $ (7,596,888)
Basic net loss per share attributable to common stock $ (0.00) $ (0.00) $ 0.03 $ (0.03)
Basic weighted average common stock outstanding 386,751,480 370,443,893 385,610,191 279,358,671
Diluted net loss per share attributable to common stock $ (0.00) $ (0.00) $ 0.02 $ (0.03)
Diluted weighted average common stock outstanding 386,751,480 370,443,893 420,738,409 279,358,671