v3.25.1
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CONSOLIDATED BALANCE SHEETS - USD ($) |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 68,415,741 | $ 1,256,453 |
| Restricted cash | 0 | 9,080,202 |
| Prepaid expenses | 201,962 | 194,259 |
| Other current assets | 2,209,544 | 1,119,929 |
| Total current assets | 70,827,247 | 11,650,843 |
| Property and equipment, net | 1,432,752 | 43,276 |
| Operating lease right-of-use asset | 449,864 | 237,983 |
| Other assets | 53,910 | 8,309 |
| Total assets | 72,763,773 | 11,940,411 |
| Current liabilities | ||
| Accrued payroll liabilities | 1,114,255 | 888,381 |
| Estimate for accrued legal contingencies and related expenses | 1,818,751 | 6,259,246 |
| Convertible note - related party, net of discount | 0 | 4,371,998 |
| Operating lease liability, current portion | 182,428 | 72,038 |
| Total current liabilities | 4,338,887 | 13,900,999 |
| Non-current liabilities | ||
| Operating lease liability, net of current portion | 273,162 | 171,230 |
| Total liabilities | 4,612,049 | 14,072,229 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity (deficit) | ||
| Preferred stock, $0.001 par value; 200,000 shares authorized at December 31, 2024 and 2023; no shares issued and outstanding at December 31, 2024 and 2023 | 0 | 0 |
| Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2024 and 2023, respectively; 30,974,559 and 12,349,243 shares issued and outstanding at December 31, 2024 and 2023, respectively | 30,975 | 12,349 |
| Additional paid-in-capital | 199,070,421 | 102,238,382 |
| Accumulated deficit | (130,949,672) | (104,382,549) |
| Total stockholders’ equity (deficit) | 68,151,724 | (2,131,818) |
| Total liabilities and stockholders’ equity (deficit) | 72,763,773 | 11,940,411 |
| Nonrelated Party | ||
| Current liabilities | ||
| Accounts payable | 569,252 | 956,754 |
| Accrued interest - related party | 0 | 234,750 |
| Other current liabilities | 654,201 | 991,805 |
| Related Party | ||
| Current liabilities | ||
| Accrued interest - related party | $ 0 | $ 126,027 |
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef Scroll to view ↔
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- Definition Amount of asset recognized for present right to economic benefit, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef Scroll to view ↔
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- References No definition available. Scroll to view ↔
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef Scroll to view ↔
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition The portion of the carrying value of long-term convertible debt as of the balance sheet date that is scheduled to be repaid within one year or in the normal operating cycle if longer. Convertible debt is a financial instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/exampleRef Scroll to view ↔
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Amount of loss contingency liability expected to be resolved within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef Scroll to view ↔
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- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef Scroll to view ↔
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- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef Scroll to view ↔
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- Definition Amount of lessee's right to use underlying asset under operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef Scroll to view ↔
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- Definition Amount of current assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef Scroll to view ↔
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- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef Scroll to view ↔
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- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/exampleRef Scroll to view ↔
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef Scroll to view ↔
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- Definition Amount of accumulated undistributed earnings (deficit). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef Scroll to view ↔
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- References No definition available. Scroll to view ↔
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