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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Schedule of Revenue by Geographical Area | The distribution of revenue by geographical area was as follows:
|  | Years Ended December 31,
|  | 2023 |  | 2022
United States |  | $ | — |  | $ | —
Switzerland |  |  | 58,465 |  |  | —
Total |  | $ | 58,465 |  | $ | —
Schedule of Long-lived by Geographical Area | The distribution of long-lived assets by geographical area, which includes property and equipment and the Company’s right of use asset, was as follows:
|  | Years Ended December 31,
|  | 2023 |  | 2022
United States |  | $ | 10,956 |  | $ | 14,089
Switzerland |  |  | 198,240 |  |  | —
Total |  | $ | 209,196 |  | $ | 14,089
Schedule of Fair Value of Financial Instruments Measured on a Recurring Basis | The fair value of financial instruments measured on a recurring basis is as follows:
|  | As of December 31, 2023
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Contingent warrant liability |  | $ | 2,641 |  |  | — |  |  | — |  | $ | 2,641
Subscription agreement liability |  | $ | 864,000 |  |  | — |  |  | — |  | $ | 864,000
Total |  | $ | 866,641 |  | $ | — |  | $ | — |  | $ | 866,641
|  | As of December 31, 2022
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Liabilities: |  |  |  |  |  |  |  |  |  |
Contingent warrant liability |  | $ | 14,021 |  | — |  | — |  | $ | 14,021
Schedule of Activity for the Subscription Agreement Liability | The following table summarizes the activity for the subscription agreement liability, using unobservable Level 3 inputs, for the year ended December 31, 2023:
|  | Subscription Agreement Liability
Balance at December 31, 2022 |  | $ | —
Fair value upon issuance |  |  | 729,900
Change in fair value |  |  | 134,100
Balance at December 31, 2023 |  | $ | 864,000
Schedule of Activity for the Contingent Warrant Liability | The following table summarizes the activity for the contingent warrant liability, using unobservable Level 3 inputs, for the years ended December 31, 2023 and 2022:
|  | Contingent Warrant Liability
Balance at December 31, 2021 |  | $ | — |
Fair value at issuance |  |  | 75,431 |
Change in fair value |  |  | (61,410 | )
Balance at December 31, 2022 |  |  | 14,021 |
Fair value at issuance |  |  | 25,837 |
Reclassification to equity |  |  | (129,184 | )
Change in fair value |  |  | 91,967 |
Balance at December 31, 2023 |  | $ | 2,641 |
Schedule of Computation of Diluted Shares Outstanding | The following securities were excluded from the computation of diluted shares outstanding for the periods presented, as they would have had an anti-dilutive impact on the Company’s net loss:
|  | Years Ended December 31,
|  | 2023 |  | 2022
Stock options |  | 1,904,830 |  | 1,392,654
Warrants |  | 7,899,661 |  | 5,264,274
Unvested restricted stock |  | 256,580 |  | —
Common stock issuable upon conversion of Series A preferred stock |  | 5,709,935 |  | —
Total |  | 15,771,006 |  | 6,656,928

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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