v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 58,351
Cost of goods sold 239,040 1,074,896 239,040 2,258,103
Gross loss (239,040) (1,074,896) (239,040) (2,199,752)
Operating expenses:        
Research and development 349,951 622,567 657,681 1,382,984
Sales and marketing 285,035 553,390
General and administrative 1,199,323 1,977,358 2,865,145 5,039,684
Total operating expenses 1,549,274 2,884,960 3,522,826 6,976,058
Loss from operations (1,788,314) (3,959,856) (3,761,866) (9,175,810)
Other income (expense):        
Interest income 7,961 140,567 34,201 293,865
Change in fair value - warrant liability (13,254,700) 7,937,500 (12,174,100) 9,010,300
Change in fair value - derivative liability 1,130,000 2,618,000 2,661,000 2,627,000
Unrealized gain (loss) on marketable securities (7,457) 301,921 (79,164) 266,902
Realized gain on marketable securities 94,492 74,998 305,554 452,121
Consent and waiver fee – Series H-7 (350,000) (350,000)
Other income (expense), net 25,000 (198,510) 66,368 (198,510)
Total other income (expense), net (12,354,704) 10,874,476 (9,536,141) 12,451,678
Net income (loss) prior to provision for income taxes (14,143,018) 6,914,620 (13,298,007) 3,275,868
Provision for income taxes
Net income (loss) (14,143,018) 6,914,620 (13,298,007) 3,275,868
Dividends earned on Series H-7 convertible preferred stock (870,461) (546,648) (1,704,194) (998,734)
Accretion of discounts to redemption value of Series H-7 convertible preferred stock (1,562,047) (1,999,136) (3,248,901) (5,094,609)
Net income (loss) attributable to common stockholders $ (16,575,526) $ 4,368,836 $ (18,251,102) $ (2,817,475)
Net income (loss) per share basic $ (29.87) $ 12.45 $ (33.52) $ (8.55)
Net income (loss) per share diluted $ (29.87) $ 2.17 $ (33.52) $ (8.55)
Basic weighted average Common Stock outstanding 554,989 350,983 544,474 329,422
Diluted weighted average Common Stock outstanding 554,989 1,039,922 544,474 329,422

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