XML 58 R46.htm IDEA: XBRL DOCUMENT
v3.25.1

Reportable Segment and Significant Segment Expenses (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table summarizes the Company’s significant selling, general, and administrative expenses, and research and development expenses that are regularly provided to the CODM:
| Three Months Ended March 31,
| 2025 |  | 2024
Revenue | $ | 934,304 |  |  | $ | 779,756 |
(Add)/deduct: |  |  |
Cost of sales | 561,244 |  |  | 509,444 |
Selling, general, and administrative expense: |  |  |
Employee compensation and benefits | 2,417,525 |  |  | 3,775,134 |
Consultants | — |  |  | 14,475 |
Marketing | 264,494 |  |  | 67,636 |
Rent | 273,318 |  |  | 239,969 |
Professional fees | 315,814 |  |  | 50,695 |
Legal | 711,156 |  |  | 129,937 |
Insurance (excluding health & D&O) | 43,847 |  |  | 32,119 |
IT Expense | 277,074 |  |  | 309,732 |
Travel | 22,772 |  |  | 65,031 |
Office Meal and Employee Reimbursement | 9,688 |  |  | 23,420 |
Dues & Subscriptions | 60,768 |  |  | 106,394 |
Repairs and Maintenance | — |  |  | (10,708) |
Office Supplies | 852 |  |  | 2,435 |
Telephone | 1,783 |  |  | 3,160 |
Utilities | 12,992 |  |  | 11,688 |
Depreciation & Amortization | 78,827 |  |  | 86,656 |
Bank charges | 5,850 |  |  | 4,748 |
Public Co Fees | 542,243 |  |  | 730,739 |
Other | 36,898 |  |  | 284,850 |
Total selling, general, and administrative expense | 5,075,902 |  |  | 5,928,109 |
Research and development expense: |  |  |
Employee compensation and benefits | 478,170 |  |  | 753,164 |
Consultants | 152,130 |  |  | 508,380 |
License fees | 137,312 |  |  | 237,274 |
Legal | 98,621 |  |  | 29,012 |
IT Expense | 7,920 |  |  | 22,221 |
Travel | 5,653 |  |  | 12,854 |
Office Meal and Employee Reimbursement | 1,646 |  |  | 4,618 |
Repairs and Maintenance | 1,162 |  |  | 20,965 |
Bank charges | 1,158 |  |  | 1,006 |
Other | — |  |  | 84 |
Total research and development expense | 883,772 |  |  | 1,589,577 |
Total other income, net | (1,291,987) |  |  | 518,638 |
Net loss | $ | (6,878,601) |  |  | $ | (6,728,737) |
The following table summarizes the Company’s intangible assets and property, plant and equipment in different geographic locations:
| March 31, 2025 |  | December 31, 2024
United States | $ | 1,430,538 |  |  | $ | 1,508,977 |
United Kingdom | 1,901 |  |  | 1,425 |
Denmark | 183,890 |  |  | 166,322 |
| $ | 1,616,330 |  |  | $ | 1,676,724 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration