XML 18 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 0 $ 186,743 $ 142,827 $ 1,710,794
Cost of revenue 359,950 1,115,703 1,950,632 4,813,404
Gross margin (359,950) (928,960) (1,807,805) (3,102,610)
Operating expenses:        
Research and development 206,474 1,348,450 1,656,350 4,300,166
Selling and marketing 113,445 523,627 385,965 1,066,289
General and administrative 1,941,085 2,335,605 6,941,448 8,409,877
Total operating expenses 2,261,004 4,207,682 8,983,763 13,776,332
Loss from operations (2,620,954) (5,136,642) (10,791,568) (16,878,942)
Interest income 721 46,998 17,202 91,914
Interest expense (929,046) (162,765) (2,821,527) (175,149)
Change in fair value of warrant liabilities 369,674 167,108 2,156,186 1,002,647
Change in fair value of derivative liability 141,100 0 141,100 0
Loss on extinguishment of debt (1,339,017) 0 (11,685,125) 0
Other income, net 0 0 218,169 0
Loss before provision for income taxes (4,377,522) (5,085,301) (22,765,563) (15,959,530)
Provision for income taxes 0 0 0 0
Net loss and comprehensive loss $ (4,377,522) $ (5,085,301) $ (22,765,563) $ (15,959,530)
Net loss per common share, basic [1] $ (1.12) $ (5.74) $ (10.45) $ (19.98)
Net loss per common share, diluted [1] $ (1.12) $ (5.74) $ (10.45) $ (19.98)
Weighted-average common shares used to compute net loss per common share, basic [1] 3,924,580 885,628 2,178,902 798,888
Weighted-average common shares used to compute net loss per common share, diluted [1] 3,924,580 885,628 2,178,902 798,888
[1] Periods presented have been adjusted to reflect the 1-for-40 reverse stock split on July 23, 2024. See Note 2 – Summary of Significant Accounting Policies for additional information.