XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Service [Member] Service [Member] Service [Member] Service [Member]
Service revenue - related party $ 0 $ 310,700 $ 7,500 $ 596,000
Total revenue 0 310,700 7,500 596,000
Operating expenses:        
General and administrative 1,913,400 1,755,908 4,951,155 3,443,559
Research and development 1,015,807 548,524 3,607,329 2,132,510
Total operating expenses 2,929,207 2,304,432 8,558,484 5,576,069
Loss from operations (2,929,207) (1,993,732) (8,550,984) (4,980,069)
Other income (expense):        
Interest income 47,389 634 71,266 1,184
Interest expense (3,851) (710) (6,548) (166,729)
Change in fair value of convertible note 0 0 0 (3,630,100)
Change in fair value of warrant liability 4,001,469 98,061 4,033,996 9,450
Loss on issuance of common stock (2,132,800) 0 (2,132,800) 0
Other income (expense) 7,509 (47,542) 10,711 (54,017)
Total other income (expense) 1,919,716 50,443 1,976,625 (3,840,212)
Loss before income taxes (1,009,491) (1,943,289) (6,574,359) (8,820,281)
Income tax expense 0 0 0 (9,715)
Net loss (1,009,491) (1,943,289) (6,574,359) (8,829,996)
Dividends on preferred stock 0 0 0 (1,355,347)
Net loss attributable to common shareholders $ (1,009,491) $ (1,943,289) $ (6,574,359) $ (10,185,343)
Net loss per share, basic (in dollars per share) $ (0.17) $ (4.82) $ (2.64) $ (58.98)
Net loss per share, diluted (in dollars per share) $ (0.17) $ (4.82) $ (2.64) $ (58.98)
Weighted average common stock outstanding, basic (in shares) 5,814,350 403,255 2,494,577 172,704
Weighted average common stock outstanding, diluted (in shares) 5,814,350 403,255 2,494,577 172,704