XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.24.2

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Accounting Policies [Abstract] |
Schedule of Estimated Useful Life of Assets Based on Depreciation and Amortization Expense | Depreciation and amortization expense is recognized using the straight-line method over the estimated useful life of each asset, as follows:
|  | Estimated Useful Life
Building |  | 26 years
Furniture and fixtures |  | 5 - 7 years
Lab equipment |  | 5 years
Computer equipment |  | 3 years
Software |  | 3 years
Leasehold improvements |  | shorter of the estimated useful life or the lease term
Property and equipment, net consisted of the following:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Leasehold improvements |  | $ | 73,211 |  |  | $ | 70,113 |
Laboratory and production equipment |  |  | 14,093 |  |  |  | 14,433 |
Machinery, equipment and fixtures |  |  | 7,781 |  |  |  | 7,780 |
Construction in progress |  |  | 21 |  |  |  | 3,660 |
Property and equipment |  |  | 95,106 |  |  |  | 95,986 |
Less: Accumulated depreciation and amortization |  |  | (27,278 | ) |  |  | (20,331 | )
Property and equipment, net |  | $ | 67,828 |  |  | $ | 75,655 |
Schedule of Basic and Diluted Net Income (Loss) Per Share | A reconciliation of the numerators and denominators of the basic and diluted net income (loss) per share calculations are as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |
Net (loss) income |  | $ | (196,295 | ) |  | $ | 14,192 |
Denominator: |  |  |  |  |  |
Weighted average shares outstanding, basic |  |  | 17,813,044 |  |  |  | 13,990,703 |
Weighted average dilutive stock options |  |  | - |  |  |  | 958,602 |
Weighted average restricted stock units |  |  | - |  |  |  | 33,697 |
Weighted average shares outstanding, diluted |  |  | 17,813,044 |  |  |  | 14,983,002 |
Net (loss) income, basic |  | $ | (11.02 | ) |  | $ | 1.01 |
Net (loss) income, diluted |  | $ | (11.02 | ) |  | $ | 0.95 |
Schedule of Antidilutive Securities Excluded from Computation of Diluted Weighted-average Shares of Common Stock Outstanding | The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares of common stock outstanding, prior to the use of the two-class method, as they would be anti-dilutive:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Stock options |  |  | 2,820,187 |  |  |  | 1,239,219 |
Restricted stock units |  |  | 823,332 |  |  |  | 128,590 |
Warrants |  |  | 7,070,627 |  |  |  | 3,345,836 |
Convertible debt |  |  | 549,681 |  |  |  | 629,101 |
|  |  | 11,263,827 |  |  |  | 5,342,746 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration