XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Total Revenue $ 70,000
Operating expenses:    
Research and development 61,143 756,910
General and administrative 573,726 4,853,664
Goodwill impairment (See note 2 and 3) 6,083,146 4,111,079
Total operating expenses 6,718,015 9,721,653
Loss from operations (6,648,015) (9,721,653)
Other income (expense):    
Interest expense, net (1,044,786) (2,971,046)
Change in fair value on investment in GMP Bio 12,706
Reimbursement for expenses - related party 72,246 533,485
Change in fair value of derivative on debt (225,074) 142,150
Loss on debt extinguishment (373,142) (257,810)
Gain on derecognition of non-financial asset 16,951,477
Total other income (expense) (1,558,050) 14,398,256
Net income (loss) before non-controlling interests (8,206,065) 4,676,603
Net loss attributable to non-controlling interests (302,972) (418,378)
Net income (loss) attributable to Oncotelic Therapeutics, Inc. $ (7,903,093) $ 5,094,981
Basic net loss per share attributable to common stock $ (0.02) $ 0.01
Basic weighted average common stock outstanding 396,165,575 384,075,369
Diluted net loss per share attributable to common stock $ (0.02) $ 0.01
Diluted weighted average common stock outstanding 396,165,575 457,299,890
Service [Member]    
Total Revenue $ 70,000