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Balance Sheet Details (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure Text Block Supplement [Abstract] |
Schedule of Inventories | Inventories primarily relate to ENTADFI® product and consisted of the following as of December 31, 2023 and 2022:
|  | December 31, 2023 |  | December 31, 2022
Raw materials |  | $ | 139,208 |  | $ | —
Work-in-process |  |  | 194,805 |  |  | —
Finished goods |  |  | 30,039 |  |  | —
Total |  | $ | 364,052 |  | $ | —
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consisted of the following as of December 31, 2023 and 2022:
|  | December 31, 2023 |  | December 31, 2022
Prepaid insurance |  | $ | 122,004 |  | $ | 148,789
Prepaid regulatory fees |  |  | 312,551 |  |  | —
Prepaid research and development |  |  | 89,195 |  |  | 231,981
Prepaid professional fees |  |  | 70,708 |  |  | —
Prepaid other |  |  | 175,695 |  |  | 88,462
Total |  | $ | 770,153 |  | $ | 469,232
Schedule of Intangible Assets | Intangible assets, which were recorded during the year ended December 31, 2023 in connection with the ENTADFI and Proteomedix acquisitions (see Note 5), is comprised of customer relationships, product rights for developed technology, and a trade name, and consisted of the following as of December 31, 2023:
|  | Cost |  | Impairment |  | Effect of Currency Translation |  | Balance
Cost basis: |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name |  | $ | 9,018,000 |  | $ | — |  |  | $ | 294,739 |  | $ | 9,312,739
Product rights for developed technology |  |  | 28,447,771 |  |  | (14,610,128 | ) |  |  | 344,514 |  |  | 14,182,157
Customer relationships |  |  | 1,891,000 |  |  | — |  |  |  | 61,803 |  |  | 1,952,803
Total |  | $ | 39,356,771 |  | $ | (14,610,128 | ) |  | $ | 701,056 |  | $ | 25,447,699
|  | Amortization |  | Balance
Accumulated amortization: |  |  |  |  |  |  |  |
Trade name |  | $ | — |  |  | $ | — |
Product rights for developed technology |  |  | (31,213 | ) |  |  | (31,213 | )
Customer relationships |  |  | (5,599 | ) |  |  | (5,599 | )
Total |  | $ | (36,812 | ) |  | $ | (36,812 | )
Intangible assets, net |  |  |  |  |  | $ | 25,410,887 |
Schedule of Annual Amortization Expense | Future annual amortization expense related to the Company’s finite lived intangible assets is as follows as of December 31, 2023:
Years ending December 31, |  |  |
2024 |  | $ | 1,012,870
2025 |  |  | 1,326,837
2026 |  |  | 1,326,837
2027 |  |  | 1,326,837
2028 |  |  | 1,326,837
Thereafter |  |  | 9,777,930
Total |  | $ | 16,098,148
Schedule of Goodwill | Goodwill was recorded during the year ended December 31, 2023, in connection with the Proteomedix acquisition (see Note 5), and consisted of the following as of December 31, 2023:
|  | December 31, 2023
Balance as of December 31, 2022 |  | $ | —
PMX Transaction goodwill |  |  | 53,914,055
Effect of currency translation |  |  | 1,762,087
Balance as of December 31, 2023 |  | $ | 55,676,142
Schedule of Accrued Expenses | Accrued expenses consisted of the following as of December 31, 2023 and 2022:
|  | December 31, 2023 |  | December 31, 2022
Accrued research and development |  | $ | 616,707 |  | $ | 847,747
Accrued compensation |  |  | 487,579 |  |  | 1,132,859
Accrued deferred offering costs |  |  | 125,000 |  |  | 125,000
Accrued professional fees |  |  | 550,415 |  |  | —
Accrued implementation fees |  |  | 93,787 |  |  | —
Other accrued expenses |  |  | 265,849 |  |  | 125,922
Accrued franchise taxes |  |  | 60,530 |  |  | 177,600
Total |  | $ | 2,199,867 |  | $ | 2,409,128

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