XML 20 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statement Of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
REVENUES    
Product sales $ 1,076,405 $ 1,375,760
COST OF PRODUCTS SOLD (exclusive of direct and indirect overhead and handling costs) 84,367 138,929
GROSS PROFIT 992,038 1,236,831
EXPENSES    
Personnel 3,382,938 3,968,681
Research and development 14,181,769 8,999,543
Repairs and maintenance 14,091 11,019
Professional fees 1,943,757 2,417,017
Office and other 1,161,094 1,025,635
Board of Directors fees and costs 335,268 394,009
Depreciation 19,276 19,481
Freight and shipping 3,902 13,060
Credit loss expense 0 10,272
Total expenses 21,042,095 16,858,717
LOSS FROM OPERATIONS (20,050,057) (15,621,886)
OTHER INCOME    
Investment and other income (expense), net (7,245) 12,474
Gain on forgiveness of PPP loan (0) 158,524
LOSS BEFORE PROVISION FOR INCOME TAXES (20,057,302) (15,450,888)
PROVISION FOR INCOME TAXES 0 0
NET LOSS $ (20,057,302) $ (15,450,888)
BASIC AND DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (1.23) $ (1.83)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES BASIC AND DILUTED OUTSTANDING (in shares) 16,329,713 8,439,177
Paycheck Protection Program CARES Act [Member]    
OTHER INCOME    
Gain on forgiveness of PPP loan $ 0 $ 158,524