Stockholders' Equity (Deficiency) (Tables)
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6 Months Ended |
Jun. 30, 2025 |
Stockholders' Equity (Deficiency) |
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Schedule of stock-based compensation expense |
| | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | | | | | Research and development | | $ | 157,291 | | $ | 232,154 | | $ | 221,968 | | $ | 438,740 | Selling, general and administrative | | | 5,516,363 | | | 308,902 | | | 5,731,314 | | | 648,548 | | | $ | 5,673,654 | | $ | 541,056 | | $ | 5,953,282 | | $ | 1,087,288 |
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Summary of restricted stock units ("RSUs") activity |
| | | | | | | | | | Weighted | | | | | Average | | | Number of | | Grant Date | | | RSUs | | Price | RSUs non-vested January 1, 2025 | | 4,608 | | $ | 52.00 | Granted | | 393,600 | | | 1.55 | Vested | | (68,208) | | | 5.56 | Forfeited | | (42,000) | | | 1.26 | RSUs non-vested June 30, 2025 | | 288,000 | | $ | 1.44 | | | | | | | Vested RSUs undelivered June 30, 2025 | | 27,151 | | $ | 6.62 |
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Schedule of fair value assumptions used for warrant liability before and after modification date |
| | | | | | | Before Modification | | After Modification | Risk free interest rate | | 4.42% | | 4.42% | Term | | 4.96 years | | 5.51 years | Volatility | | 110% | | 107% | Dividends | | n/a | | n/a |
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Schedule of the warrant activity and related information |
| | | | | | | | | | | | | | | | | | Weighted | | | | | | | | Weighted | | Average | | | | | | | | Average | | Remaining | | Aggregate | | | Number of | | Exercise | | Life | | Intrinsic | | | Warrants | | Price | | In Years | | Value | Outstanding January 1, 2025 | | 1,166,017 | | $ | 22.33 | | | | | | Issued | | 33,359,619 | | | 3.28 | | | | | | Repriced - (Old) | | (197,118) | | | 55.20 | | | | | | Repriced - (New) | | 197,118 | | | 5.27 | | | | | | Expired | | (5,605) | | | 207.39 | | | | | | Exercised | | (449,118) | | | 6.66 | | | | | | Outstanding June 30, 2025 | | 34,070,913 | | $ | 3.28 | | 5.0 | | $ | 237,986,992 | | | | | | | | | | | | Exercisable June 30, 2025 | | 1,061,294 | | $ | 12.67 | | 4.7 | | $ | 3,425,553 |
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Schedule of warrants outstanding |
The following table presents information related to warrants as of June 30, 2025: | | | | | | | | Warrants Outstanding | | Warrants Exercisable | | | | | Weighted | | | | | Outstanding | | Average | | Exercisable | Exercise | | Number of | | Remaining Life | | Number of | Price | | Warrants | | In Years | | Warrants | | $3.2500 | | 32,615,383 | | — | | — | | $4.0000 | | 350,000 | | 5.0 | | 350,000 | | $5.2720 | | 394,236 | | — | | — | | $7.7520 | | 250,126 | | 4.6 | | 250,126 | | $8.6080 | | 302,045 | | 4.6 | | 302,045 | | $40.0000 | | 108,694 | | 4.6 | | 108,694 | | $55.2000 | | 49,280 | | 4.5 | | 49,280 | | $380.8000 | | 1,149 | | 5.9 | | 1,149 | | | | 34,070,913 | | 4.7 | | 1,061,294 |
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