Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders??? Equity (Deficit)

v3.24.1
Consolidated Statements of Changes in Stockholders’ Equity (Deficit) - USD ($)
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Total
Balance at Dec. 31, 2021 $ 9 $ 107,187,532 $ 817,440 $ (68,682,286) $ 39,322,695
Balance (in Shares) at Dec. 31, 2021 89,569        
Adjustment related to reverse stock split
Adjustment related to reverse stock split (in Shares) 505        
Issuance of July 2022 pre-funded warrants [1] 2,562,265 2,562,265
Shares issued from exercise of July 2022 pre-funded warrants [1] $ 1 262 263
Shares issued from exercise of July 2022 pre-funded warrants (in Shares) [1] 6,297        
Shares issued in connection with July 2022 Offering [1] $ 1 3,407,489 3,407,490
Shares issued in connection with July 2022 Offering (in Shares) [1] 9,211        
Issuance of December 2022 pre-funded warrants 4,823,187 4,823,187
Shares issued from exercise of December 2022 pre-funded warrants $ 8 142 150
Shares issued from exercise of December 2022 pre-funded warrants (in Shares) 78,910        
Shares issued in connection with December 2022 Offering $ 1 691,672 691,673
Shares issued in connection with December 2022 Offering (in Shares) 11,316        
Shares issued for professional services to directors 331,591 331,591
Shares issued for professional services to directors (in Shares) 739        
Stock-based compensation 2,633,826 2,633,826
Stock-based compensation (in Shares) 32        
Net loss (38,726,259) (38,726,259)
Other comprehensive loss (3,702,963) (3,702,963)
Balance at Dec. 31, 2022 $ 20 121,637,966 (2,885,523) (107,408,545) 11,343,918
Balance (in Shares) at Dec. 31, 2022 197,209        
Adjustment related to reverse stock split $ 1 (1)
Adjustment related to reverse stock split (in Shares) 37        
Shares issued for professional services to directors 60,624 60,624
Shares issued for professional services to directors (in Shares) 4,763        
Shares issued for professional services to executive chairman $ 1 28,564 28,565
Shares issued for professional services to executive chairman (in Shares) 7,126        
Issuance of April 2023 pre-funded and common warrants, net [2] 2,337,706 2,337,706
Shares issued from exercise of April 2023 pre-funded warrants [2] $ 6 111 117
Shares issued from exercise of April 2023 pre-funded warrants (in Shares) [2] 61,615        
Shares issued in connection with April 2023 Offering [2] $ 2 382,180 382,182
Shares issued in connection with April 2023 Offering (in Shares) [2] 21,053        
Issuance of August 2023 pre-funded and common warrants, net [3] 2,459,282 2,459,282
Shares issued from exercise of August 2023 pre-funded warrants [3] $ 20 375 395
Shares issued from exercise of August 2023 pre-funded warrants (in Shares) [3] 207,814        
Shares issued in connection with August 2023 Offering [3] $ 4 245,344 245,348
Shares issued in connection with August 2023 Offering (in Shares) [3] 35,102        
Issuance of pre-funded and common warrants from Amendment to August 2023 SPA, net 770,923 770,923
Stock-based compensation 2,194,135 2,194,135
Net loss (19,935,112) (19,935,112)
Other comprehensive loss (15,816) (15,816)
Balance at Dec. 31, 2023 $ 54 $ 130,117,209 $ (2,901,339) $ (127,343,657) $ (127,733)
Balance (in Shares) at Dec. 31, 2023 534,719        
[1] Consists of $6,499,737 of gross proceeds from the July 2022 Offering; gross proceeds of $3,710,000 are related to the common shares and common warrants issued and includes $302,510 in related placement agent fees and other offering costs, and $2,789,737 in gross proceeds are in connection with the pre-funded warrants and includes $227,472 in related placement agent fees and other offering costs. At the end of the period, 81,426 July 2022 pre-funded warrants were exercised for proceeds of $155.
[2] Consists of $2,999,882 of gross proceeds from the April 2023 Offering; gross proceeds of $421,527 are related to common shares issued (with related placement agent fees of $39,343), gross proceeds of $1,233,564 are related to pre-funded warrants issued (with related placement agent fees of $115,134) and gross proceeds of $1,344,791 are related to common warrants issued (with related placement agent fees of $125,516). At the end of the current period, all 61,615 April 2023 pre-funded warrants were exercised for proceeds of $117.
[3] Consists of $2,999,605 of gross proceeds from the August 2023 Offering; gross proceeds of $272,106 are related to common shares issued (with related placement agent fees of $26,758), gross proceeds of $1,449,470 are related to pre-funded warrants issued (with related placement agent fees of $142,538) and gross proceeds of $1,278,029 are related to common warrants issued (with related placement agent fees of $125,679). At the end of the year, 207,814 August 2023 pre-funded warrants were exercised for proceeds of $395.