XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating expenses:    
Research and development $ 756,910 $ 3,658,617
General and administrative 4,853,664 5,467,266
Goodwill impairment (See note 2 and 3) 4,111,079
Total operating expenses 9,721,653 9,125,883
Loss from operations (9,721,653) (9,125,883)
Other income (expense):    
Interest expense, net (2,971,046) (2,002,813)
PPP loan forgiveness 346,761
Gain on derecognition of non-financial asset 16,951,477
Reimbursement for expenses - related party 533,485
Change in fair value of derivative on debt 142,150 292,149
Loss on debt conversion (257,810) (27,504)
Total other income (expense) 14,398,256 (1,391,407)
Net income (loss) before non-controlling interests 4,676,603 (10,517,290)
Net loss attributable to non-controlling interests (418,378) (1,126,248)
Net income (loss) attributable to Oncotelic Therapeutics, Inc. $ 5,094,981 $ (9,391,042)
Basic net income (loss) per share attributable to common stock $ 0.01 $ (0.03)
Basic weighted average common stock outstanding 384,075,369 303,078,548
Diluted net income (loss) per share attributable to common stock $ 0.01 $ (0.03)
Diluted weighted average common stock outstanding 457,299,890 303,078,548