Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.23.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Revenue $ 4,803
Cost of sales 467
Gross profit 4,336
Operating expenses:    
Research and development 1,142,777 1,007,476
Clinical development 145,546 130,475
Selling, general and administrative 2,727,071 1,068,871
Total operating expenses 4,015,394 2,206,822
Loss from operations (4,011,058) (2,206,822)
Other income (expense):    
Interest income 46,708 424
Interest expense (2,532,640) (1,001,854)
Gain on extinguishment of debt 212,258 239,200
Fair value of warrants issued (4,080,339)
Fair value adjustments on convertible notes payable (1,866,922) 724,928
Loss before income taxes (8,151,654) (6,324,463)
Income tax expense (2,459) (1,950)
Net loss $ (8,154,113) $ (6,326,413)
Net loss per common share, basic and diluted $ (1.81) $ (2.36)
Weighted average common shares outstanding 4,498,964 2,675,270