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v3.24.3

Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Revenues: |  |  |  |
Research and development revenue | $ 1,957,500 | $ 397,060 | $ 2,678,013 | $ 2,212,271
Costs and expenses: |  |  |  |
Costs of research and development revenue | 395,894 | 105,869 | 841,805 | 1,625,731
Research and development | 460,241 | 716,351 | 1,498,593 | 2,444,469
General and administrative | 1,297,984 | 1,282,361 | 4,694,334 | 4,164,970
Foreign currency exchange loss | 5,995 | 12,600 | 14,044 | 38,143
Total costs and expenses | 2,160,114 | 2,117,181 | 7,048,776 | 8,273,313
Loss from operations | (202,614) | (1,720,121) | (4,370,763) | (6,061,042)
Other income (expense): |  |  |  |
Interest income | 127,331 | 105,862 | 353,245 | 319,787
Gain on sale of Alphazyme | 0 | 0 | 60,977 | 1,017,592
Total other income (expense), net | (846) | 105,862 | 112,484 | 1,337,379
Net loss | $ (203,460) | $ (1,614,259) | $ (4,258,279) | $ (4,723,663)
Basic and diluted net loss per common share (in dollars per share) | $ (0.01) | $ (0.06) | $ (0.15) | $ (0.16)
Basic and diluted weighted-average common shares outstanding (in shares) | 29,503,143 | 28,811,061 | 29,225,861 | 28,794,712
Nonrelated Party [Member] |  |  |  |
Other income (expense): |  |  |  |
Interest expense | $ (88,833) | $ 0 | $ (199,106) | $ 0
Related Party [Member] |  |  |  |
Other income (expense): |  |  |  |
Interest expense | (39,344) | 0 | (102,632) | 0
Research and Development [Member] |  |  |  |
Revenues: |  |  |  |
Research and development revenue | 532,500 | 352,942 | 1,253,013 | 2,079,918
License [Member] |  |  |  |
Revenues: |  |  |  |
Research and development revenue | $ 1,425,000 | $ 44,118 | $ 1,425,000 | $ 132,353

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