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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

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- 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

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X

- References

No definition available.

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