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DISCONTINUED OPERATIONS (Tables)
3 Months Ended
Mar. 31, 2024
DISCONTINUED OPERATIONS  
Schedule of income statement information and summary of cash flows for discontinued operations

    

For the Three Months Ended

March 31,

2023

Revenues:

Related party service revenue

$

3,500,000

Total revenues

 

3,500,000

Operating expenses:

 

Research and development

 

3,894,245

General and administrative

348,506

Total operating expenses

4,242,751

Loss from discontinued operations

$

(742,751)

For the Three Months Ended

March 31,

    

2023

Discontinued operations

 

Net cash used in operating activities

 

(2,790,000)

Net cash used in investing activities

 

(113,000)

Net decrease in cash and cash equivalents from discontinued operations

$

(2,903,000)