General form of registration statement for all companies including face-amount certificate companies

RESTATED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.24.4
RESTATED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
OPERATING EXPENSES:                                
Research and development $ 5,493,496     $ 7,034,656               $ 19,927,019 $ 19,528,898   $ 27,266,276 $ 18,265,711
General and administrative 7,834,181     2,378,804               19,105,853 6,883,866   11,694,367 10,548,062
Total operating expenses 13,327,677     9,413,460 $ 8,294,002 $ 8,705,301 $ 7,815,486 $ 7,435,524 $ 6,140,227 $ 16,999,303 $ 13,575,751 39,032,872 26,412,764 $ 21,391,237 38,960,643 28,813,773
LOSS FROM OPERATIONS (13,327,677)     (9,413,460) (8,294,002) (8,705,301) (7,815,486) (7,435,524) (6,140,227) (16,999,303) (13,575,751) (39,032,872) (26,412,764) (21,391,237) (38,960,643) (28,813,773)
OTHER INCOME (EXPENSE):                                
Warrant issuance expense (7,743,284)     (470,000)               (7,743,284) (470,000)   (470,000) (6,824,605)
(Loss) gain on valuation of warrants 6,088,355     (7,688,028) (1,957,418) 1,390,797 300,000 1,800,000 (100,000) (566,621) 1,700,000 3,583,440 (8,254,649) 2,000,000 (3,787,114) 3,633,241
Interest income 317,887     51,110 72,780 124,034 4,164 481 430 196,814 911 966,643 247,925 5,075 387,147 152,519
Total other expense (1,337,042)     (8,106,918) (1,884,638) 1,514,831 304,164 1,800,481 (99,570) (369,807) 1,700,911 (3,193,201) (8,476,724) 2,005,075 (3,869,967) (3,038,845)
LOSS BEFORE INCOME TAXES                             (42,830,610) (31,852,618)
INCOME TAX BENEFIT                             (60,000) (60,000)
NET LOSS $ (14,664,719) $ (919,371) $ (26,641,983) $ (17,520,378) $ (10,178,640) $ (7,190,470) $ (7,511,322) $ (5,635,043) $ (6,239,797) $ (17,369,110) $ (11,874,840) $ (42,226,073) $ (34,889,488) $ (19,386,162) $ (42,770,610) $ (31,792,618)
BASIC NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER COMMON SHARE $ (0.37)     $ (1.55) $ (0.9) $ (0.64) $ (1.23) $ (0.92) $ (1.02) $ (1.54) $ (1.94) $ (1.21) $ (3.09) $ (3.17) $ (3.5) $ (4.51)
NET LOSS PER SHARE - DILUTED $ (0.4)     $ (1.55) $ (0.9) $ (0.64) $ (1.23) $ (0.92) $ (1.02) $ (1.54) $ (1.94) $ (1.39) $ (3.09) $ (3.17) $ (3.5) $ (4.51)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC 39,335,924     11,308,738 11,261,217 11,261,217 6,110,119 6,110,124 6,110,126 11,261,217 6,110,125 34,850,441 11,277,231 6,110,123 12,221,571 7,055,665
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - DILUTED 39,794,220     11,308,738 11,261,217 11,261,217 6,110,119 6,110,124 6,110,126 11,261,217 6,110,125 35,545,500 11,277,231 6,110,123 12,221,571 7,055,665