v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating expenses:      
Research and development $ 422,051 $ 5,908,288 $ 8,976,643
General and administrative 3,214,224 5,898,775 6,505,721
Merger transaction costs 743,838
Total operating expenses 4,380,113 11,807,063 15,482,364
Operating loss (4,380,113) (11,807,063) (15,482,364)
Other income (expense):      
Other income due to the termination of EF License Agreement 2,499,969
Other income (expense), net 49,351 (219,812) 10,045
Interest expense (45,054) (119,920) (95,211)
Interest on related party loans (104,963) (25,233) (5,655)
Loss on extinguishment of convertible notes (922,495)
Total other income (expense) 2,399,303 (364,965) (1,013,316)
Net loss (1,980,810) (12,172,029) (16,495,680)
Deemed dividend (2,076,180)
Net loss attributable to common stockholders $ (4,056,990) $ (12,172,029) $ (16,495,680)
Basic net loss per common share (in Dollars per share) [1] $ (2.63) $ (12.75) $ (33.52)
Diluted net loss per common share (in Dollars per share) [1] $ (2.63) $ (12.75) $ (33.52)
Weighted average common shares used in computing basic net loss per common share (in Shares) [1] 1,543,283 954,401 492,066
Weighted average common shares used in computing diluted net loss per common share (in Shares) [1] 1,543,283 954,401 492,066
COMPREHENSIVE LOSS:      
Net loss $ (1,980,810) $ (12,172,029) $ (16,495,680)
Defined pension plan adjustments 266,924 (107,280) 100,948
Total comprehensive loss $ (1,713,887) $ (12,279,309) $ (16,394,732)
[1] Adjusted for the effect of a 1-to-40 reverse share split that was effective September 27, 2024 (See note 2).