2024 Q4 Form 10-Q Financial Statement
#000149315224043916 Filed on November 07, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $0.00 | |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $1.854M | |
YoY Change | 1.29% | |
% of Gross Profit | ||
Research & Development | $1.429M | |
YoY Change | -63.59% | |
% of Gross Profit | ||
Depreciation & Amortization | $165.4K | |
YoY Change | 6.95% | |
% of Gross Profit | ||
Operating Expenses | $1.429M | |
YoY Change | -63.59% | |
Operating Profit | -$3.282M | |
YoY Change | -42.92% | |
Interest Expense | $50.48K | |
YoY Change | -78.75% | |
% of Operating Profit | ||
Other Income/Expense, Net | $50.48K | |
YoY Change | -122.01% | |
Pretax Income | -$3.232M | |
YoY Change | -45.95% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$3.232M | |
YoY Change | -45.95% | |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$1.83 | |
Diluted Earnings Per Share | -$1.83 | |
COMMON SHARES | ||
Basic Shares Outstanding | 3.212M shares | 950.5K shares |
Diluted Shares Outstanding | 1.766M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $10.04M | |
YoY Change | 404.53% | |
Cash & Equivalents | $10.00M | |
Short-Term Investments | ||
Other Short-Term Assets | $1.301M | |
YoY Change | 42.99% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | $2.250K | |
Other Receivables | $0.00 | |
Total Short-Term Assets | $11.34M | |
YoY Change | 290.83% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $2.067M | |
YoY Change | -18.36% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $2.236M | |
YoY Change | -24.64% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $11.34M | |
Total Long-Term Assets | $2.236M | |
Total Assets | $13.58M | |
YoY Change | 131.34% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $906.2K | |
YoY Change | -45.75% | |
Accrued Expenses | $402.2K | |
YoY Change | -41.89% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | -100.0% | |
Long-Term Debt Due | $8.810K | |
YoY Change | -55.95% | |
Total Short-Term Liabilities | $1.543M | |
YoY Change | -73.09% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $0.00 | |
YoY Change | -100.0% | |
Total Long-Term Liabilities | ||
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.543M | |
Total Long-Term Liabilities | ||
Total Liabilities | $1.543M | |
YoY Change | -74.15% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$102.4M | |
YoY Change | 19.06% | |
Common Stock | $305.00 | |
YoY Change | -82.45% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $12.04M | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $13.58M | |
YoY Change | 131.34% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$3.232M | |
YoY Change | -45.95% | |
Depreciation, Depletion And Amortization | $165.4K | |
YoY Change | 6.95% | |
Cash From Operating Activities | -$3.883M | |
YoY Change | -9.48% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$140.8K | |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | $140.8K | |
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 13.40M | |
YoY Change | 126.0% | |
NET CHANGE | ||
Cash From Operating Activities | -3.883M | |
Cash From Investing Activities | 140.8K | |
Cash From Financing Activities | 13.40M | |
Net Change In Cash | 9.659M | |
YoY Change | 488.98% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$3.883M | |
Capital Expenditures | -$140.8K | |
Free Cash Flow | -$3.743M | |
YoY Change | -12.76% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Income Tax Expense Benefit
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|
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Income Tax Expense Benefit
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|
Q3 | ||
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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Document Period End Date
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|
2024-09-30 | ||
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Net Income Loss
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|
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us-gaap |
Net Income Loss
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|
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Finance Lease Liability Noncurrent
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Cash And Cash Equivalents At Carrying Value
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|
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CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
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CY2024Q3 | us-gaap |
Accounts Payable Current
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Accounts Payable Current
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Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
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Accrued Liabilities Current
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|
1651518 | usd |
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Notes Payable Current
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|
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Finance Lease Liability Current
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|
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Finance Lease Liability Current
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|
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Finance Lease Liability Noncurrent
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|
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CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
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|
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CY2023Q4 | us-gaap |
Liabilities Noncurrent
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|
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Liabilities
Liabilities
|
1542541 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
10360865 | usd |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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Common Stock Shares Authorized
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|
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Common Stock Shares Issued
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|
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Common Stock Shares Outstanding
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|
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Common Stock Shares Issued
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Common Stock Value
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Common Stock Value
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Preferred Stock Par Or Stated Value Per Share
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|
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Preferred Stock Par Or Stated Value Per Share
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|
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|
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Cingulate Inc. | ||
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Entity Address Address Line1
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1901 W. 47th Place | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
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Kansas City | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
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dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
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dei |
City Area Code
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|
(913) | ||
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Local Phone Number
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|
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Entity Current Reporting Status
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Entity Filer Category
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|
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|
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|
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|
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|
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|
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|
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Stockholders Equity
StockholdersEquity
|
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Net Income Loss
NetIncomeLoss
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Stockholders Equity
StockholdersEquity
|
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Stock Issued During Period Value Other
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|
236251 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5979054 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-96334 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6869429 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
3115284 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6432892 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
2734739 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
586511 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
24024 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
164575 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2972477 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3216119 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
1110002 | usd |
CY2024Q2 | CING |
Stock Issued Value Warrant Inducement
StockIssuedValueWarrantInducement
|
1614563 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
98434 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
254331 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3209677 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3083772 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3083772 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
11791624 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
393771 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3231604 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12037563 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12037563 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-9413758 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16600250 | usd | |
us-gaap |
Depreciation
Depreciation
|
492788 | usd | |
us-gaap |
Depreciation
Depreciation
|
410593 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
935135 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
658106 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-12375 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-228596 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
789659 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1368658 | usd | |
CING |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
-196899 | usd | |
CING |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
-194125 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-5542256 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1517952 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-132718 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
13428 | usd | |
CING |
Increase Decrease In Longterm Portion Of Operating Lease Liability
IncreaseDecreaseInLongtermPortionOfOperatingLeaseLiability
|
-130663 | usd | |
CING |
Increase Decrease In Longterm Portion Of Operating Lease Liability
IncreaseDecreaseInLongtermPortionOfOperatingLeaseLiability
|
-263380 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-14371857 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12472172 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
13338 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
37136 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13338 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-37136 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
24385615 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6151288 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
3000000 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
12687 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
11943 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
24372928 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9139345 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
9987733 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3369963 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
52416 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
5356276 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
10040149 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1986313 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
6160 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
10266 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
10000000.0 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-102400000 | usd |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zcqzujTQpKE8" style="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(c) <span id="xdx_86A_zIArniotH4v8">Concentration of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company maintains cash equivalent deposits, which at various times throughout the fiscal year exceeded the amounts insured by the Federal Deposit Insurance Corporation limit of $<span id="xdx_90D_eus-gaap--TimeDepositsAtOrAboveFDICInsuranceLimit_iI_c20240930_zXtwYcBr8VN8">250,000 </span>(without regard to reconciling items). Management monitors the soundness of these financial institutions and does not believe the Company is subject to any material credit risk relative to the uninsured portion of the deposits.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2024Q3 | us-gaap |
Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
|
250000 | usd |
CY2024Q3 | CING |
Prepaid Research And Development
PrepaidResearchAndDevelopment
|
1088696 | usd |
CY2023Q4 | CING |
Prepaid Research And Development
PrepaidResearchAndDevelopment
|
183452 | usd |
CY2024Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
128941 | usd |
CY2023Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
31302 | usd |
CY2024Q3 | CING |
Prepaid Active Pharmaceutical Ingredients
PrepaidActivePharmaceuticalIngredients
|
29025 | usd |
CY2023Q4 | CING |
Prepaid Active Pharmaceutical Ingredients
PrepaidActivePharmaceuticalIngredients
|
97324 | usd |
CY2024Q3 | CING |
Prepaid Dues And Subscriptions
PrepaidDuesAndSubscriptions
|
20092 | usd |
CY2024Q3 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
13763 | usd |
CY2023Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
178780 | usd |
CY2024Q3 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
20698 | usd |
CY2023Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
20698 | usd |
CY2024Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1301215 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
511556 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5202286 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5188948 | usd |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3135771 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2642983 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2066515 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2545965 | usd |
us-gaap |
Depreciation
Depreciation
|
492788 | usd | |
us-gaap |
Depreciation
Depreciation
|
410593 | usd | |
CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
165406 | usd |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
154663 | usd |
CY2024Q3 | CING |
Accrued Research And Development Costs Current
AccruedResearchAndDevelopmentCostsCurrent
|
202741 | usd |
CY2023Q4 | CING |
Accrued Research And Development Costs Current
AccruedResearchAndDevelopmentCostsCurrent
|
155220 | usd |
CY2024Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
91961 | usd |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
213922 | usd |
CY2024Q3 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
80000 | usd |
CY2023Q4 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
120570 | usd |
CY2023Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
593022 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
290000 | usd |
CY2023Q4 | us-gaap |
Accrued Utilities Current
AccruedUtilitiesCurrent
|
155800 | usd |
CY2023Q4 | us-gaap |
Accrued Insurance Current
AccruedInsuranceCurrent
|
56088 | usd |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
27450 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
66896 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
402152 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1651518 | usd |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p id="xdx_806_eus-gaap--LossContingencyDisclosures_zAbWHDxnInS7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(6) <span id="xdx_828_zlV9xczmfUEe">Contingencies</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company may, from time to time, be subject to legal proceedings and claims arising in the ordinary course of business and otherwise. A substantial legal liability against us could have an adverse effect on our business, financial condition and results of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company records legal costs associated with loss contingencies as incurred and establishes reserves when those matters present material loss contingencies that management determines to be both probable and reasonably estimable in accordance with ASC 450, <i>Contingencies. </i>If a range of loss is estimated, and some amount within that range appears to be a better estimate than any other amount within that range, then that amount is accrued. If no amount within the range can be identified as a better estimate than any other amount, we accrue the minimum amount in the range. These amounts are not reduced by amounts that may be recovered under insurance or claims against third parties, but undiscounted receivables from insurers or other third parties may be accrued separately if recovery is considered probable. Management’s judgment is required related to loss contingencies because the outcomes are difficult to predict, and the ultimate resolution may differ from our current analysis. The Company revises accruals in light of new information. While it is not possible to predict the outcome of loss contingencies with certainty, management is of the opinion that adequate provision for potential losses associated with any such matters has been made in the financial statements. No accruals for loss contingencies were recorded in the consolidated balance sheets as of September 30, 2024 or 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2023Q2 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
3000000.0 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
8000000.0 | usd |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
240000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
240000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3044165 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3044165 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
97293 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
97293 | shares |
CY2023Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
one-for-twenty | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
one-for-twelve reverse stock split | |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Debt Instrument Description
DebtInstrumentDescription
|
The holders of pre-funded warrants may not exercise the warrants if the holder, together with its affiliates, would beneficially own more than 4.99% (or, at the election of the holder, 9.99%) of the number of shares of common stock outstanding immediately after giving effect to such exercise. Each share of common stock and each pre-funded warrant were sold along with one Series A and 0.5 Series B warrants | |
CY2024Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
7500000 | usd |
CY2024Q1 | us-gaap |
Payments For Fees
PaymentsForFees
|
750950 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0426 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y5M12D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.0146 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
5.04 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
5.04 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
91.80 | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
10378126 | usd | |
CY2024Q3 | CING |
Equity Fair Value Percentage
EquityFairValuePercentage
|
1.0000 | pure |
CING |
Amount Allocated
AmountAllocated
|
7500000 | usd | |
CY2024Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
833684 | shares |
CY2024Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
33708854 | usd |
CY2024Q3 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-678639 | usd |
CY2023Q3 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-1255601 | usd |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-1976891 | usd | |
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-3486052 | usd | |
CY2024Q3 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-233562 | usd |
CY2023Q3 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-330642 | usd |
us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-579614 | usd | |
us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-917994 | usd | |
CY2024Q3 | CING |
Income Tax Reconciliation Permanent Difference
IncomeTaxReconciliationPermanentDifference
|
3233 | usd |
CY2023Q3 | CING |
Income Tax Reconciliation Permanent Difference
IncomeTaxReconciliationPermanentDifference
|
6154 | usd |
CING |
Income Tax Reconciliation Permanent Difference
IncomeTaxReconciliationPermanentDifference
|
9307 | usd | |
CING |
Income Tax Reconciliation Permanent Difference
IncomeTaxReconciliationPermanentDifference
|
14457 | usd | |
CY2024Q3 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
1832122 | usd |
CY2023Q3 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
2218188 | usd |
us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
3500000 | usd | |
us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
5089875 | usd | |
CY2024Q3 | CING |
Income Tax Reconciliation Research And Development Tax Credits
IncomeTaxReconciliationResearchAndDevelopmentTaxCredits
|
972372 | usd |
CY2023Q3 | CING |
Income Tax Reconciliation Research And Development Tax Credits
IncomeTaxReconciliationResearchAndDevelopmentTaxCredits
|
620630 | usd |
CING |
Income Tax Reconciliation Research And Development Tax Credits
IncomeTaxReconciliationResearchAndDevelopmentTaxCredits
|
972372 | usd | |
CING |
Income Tax Reconciliation Research And Development Tax Credits
IncomeTaxReconciliationResearchAndDevelopmentTaxCredits
|
620630 | usd | |
CY2024Q3 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
49218 | usd |
CY2023Q3 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-17469 | usd |
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
19570 | usd | |
us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-79656 | usd | |
CY2024Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
16121058 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
12631033 | usd |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |