2023 Q3 Form 10-Q Financial Statement
#000165495423010487 Filed on August 10, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $910.0K | $893.5K | $1.118M |
YoY Change | 1.93% | -20.08% | 141.59% |
% of Gross Profit | |||
Research & Development | $903.0K | $838.9K | $1.613M |
YoY Change | -41.87% | -47.97% | 85.95% |
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $1.812M | $1.732M | $1.613M |
YoY Change | 16.65% | 7.43% | 85.95% |
Operating Profit | -$1.812M | -$1.732M | -$2.731M |
YoY Change | -25.92% | -36.55% | 105.31% |
Interest Expense | $90.00K | $31.05K | $0.00 |
YoY Change | 318.8% | -100.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$1.720M | -$1.701M | -$2.731M |
YoY Change | -29.06% | -37.69% | 105.03% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.719M | -$1.701M | -$2.731M |
YoY Change | -29.09% | -37.69% | 105.03% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.54 | -$0.63 | -$3.90 |
Diluted Earnings Per Share | -$0.54 | -$0.63 | -$243.9K |
COMMON SHARES | |||
Basic Shares Outstanding | 3.189M shares | 2.338M shares | 9.227M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $6.630M | $8.439M | $10.63M |
YoY Change | -17.81% | -20.6% | 2387.8% |
Cash & Equivalents | $6.631M | $8.439M | $10.63M |
Short-Term Investments | |||
Other Short-Term Assets | $690.0K | $273.6K | $398.5K |
YoY Change | -22.92% | -31.36% | -43.84% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $7.320M | $8.713M | $11.03M |
YoY Change | -18.44% | -20.98% | 869.9% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $3.383K | $1.00 | -$2.00 |
YoY Change | -338400.0% | -150.0% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $7.320M | $8.713M | $11.03M |
Total Long-Term Assets | $3.383K | $1.00 | -$2.00 |
Total Assets | $7.323M | $8.713M | $11.03M |
YoY Change | -18.4% | -20.98% | 869.9% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $474.5K | $437.8K | $608.8K |
YoY Change | -1.92% | -28.09% | -30.92% |
Accrued Expenses | $440.0K | $245.1K | $757.7K |
YoY Change | -56.89% | -67.65% | 29.18% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $920.0K | $682.9K | $1.366M |
YoY Change | -38.84% | -50.03% | -16.81% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $920.0K | $682.9K | $1.366M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $916.8K | $682.9K | $1.366M |
YoY Change | -39.05% | -50.03% | -16.81% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$51.25M | -$49.53M | -$41.50M |
YoY Change | 16.69% | 19.36% | 30.84% |
Common Stock | $319.00 | $319.00 | $1.010K |
YoY Change | -73.64% | -68.42% | 428.8% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $6.407M | $8.030M | $9.660M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $7.323M | $8.713M | $11.03M |
YoY Change | -18.4% | -20.98% | 869.9% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.719M | -$1.701M | -$2.731M |
YoY Change | -29.09% | -37.69% | 105.03% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$1.770M | -$1.840M | -$1.840M |
YoY Change | -30.89% | 0.05% | 103.66% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
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 | -40.00K | 1.512M | 4.276M |
YoY Change | -20100.0% | -64.64% | |
NET CHANGE | |||
Cash From Operating Activities | -1.770M | -1.840M | -1.840M |
Cash From Investing Activities | |||
Cash From Financing Activities | -40.00K | 1.512M | 4.276M |
Net Change In Cash | -1.810M | -328.2K | 2.437M |
YoY Change | -29.33% | -113.47% | -369.81% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.770M | -$1.840M | -$1.840M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2730573 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4010096 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5516725 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2730573 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3941506 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5516725 | usd | |
CY2022Q2 | drma |
Net Loss Per Share Of Common Stock Basic And Diluted
NetLossPerShareOfCommonStockBasicAndDiluted
|
-3.90 | |
drma |
Net Loss Per Share Of Common Stock Basic And Diluted
NetLossPerShareOfCommonStockBasicAndDiluted
|
-2.13 | ||
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
6241294 | usd |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3208391 | usd | |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1118021 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1978532 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2308334 | usd | |
CY2022Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
0 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
245084 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
425932 | usd |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3189034 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2023Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
838931 | usd |
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001853816 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3189034 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
770115 | shares |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-06-30 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-40739 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
DERMATA THERAPEUTICS, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
86-3218736 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
3525 Del Mar Heights Rd. | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
322 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
San Diego | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
CA | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
92130 | ||
dei |
City Area Code
CityAreaCode
|
858 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
800-2543 | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock, $0.0001 Par Value | ||
dei |
Trading Symbol
TradingSymbol
|
DRMA | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2023Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
3189034 | shares |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8438530 | usd |
CY2023Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
1732414 | usd |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
2730573 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
4010096 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
5516725 | usd | |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1732414 | usd |
CY2023Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
31050 | usd |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
68590 | usd | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
0 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1701364 | usd |
CY2023Q2 | drma |
Net Loss Per Share Of Common Stock Basic And Diluted
NetLossPerShareOfCommonStockBasicAndDiluted
|
-0.63 | |
drma |
Net Loss Per Share Of Common Stock Basic And Diluted
NetLossPerShareOfCommonStockBasicAndDiluted
|
-9.02 | ||
CY2023Q2 | drma |
Weighted Average Basic And Diluted Common Shares
WeightedAverageBasicAndDilutedCommonShares
|
2704987 | usd |
CY2022Q2 | drma |
Weighted Average Basic And Diluted Common Shares
WeightedAverageBasicAndDilutedCommonShares
|
699679 | usd |
drma |
Weighted Average Basic And Diluted Common Shares
WeightedAverageBasicAndDilutedCommonShares
|
1850167 | usd | |
drma |
Weighted Average Basic And Diluted Common Shares
WeightedAverageBasicAndDilutedCommonShares
|
611344 | usd | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6021854 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
131260 | usd |
CY2023Q1 | drma |
Issuance Of Common Stock And Warrants Net Of Issuance Costs Amount
IssuanceOfCommonStockAndWarrantsNetOfIssuanceCostsAmount
|
4174985 | usd |
CY2023Q1 | drma |
Issuance Of Common Stock Upon Exercise Of Pre Funded Warrants Amount
IssuanceOfCommonStockUponExerciseOfPreFundedWarrantsAmount
|
153 | usd |
CY2023Q1 | us-gaap |
Stock Issued1
StockIssued1
|
40 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2240142 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8088070 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
131177 | usd |
CY2023Q2 | drma |
Issuance Of Common Stock And Warrants Net Of Issuance Costs Amount
IssuanceOfCommonStockAndWarrantsNetOfIssuanceCostsAmount
|
1512102 | usd |
CY2023Q2 | drma |
Issuance Of Common Stock Upon Exercise Of Pre Funded Warrants Amount
IssuanceOfCommonStockUponExerciseOfPreFundedWarrantsAmount
|
34 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1701364 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8030019 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10107104 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
531566 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2786151 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7852519 | usd |
CY2022Q2 | drma |
Issuance Of Common Stock And Warrants Net Of Issuance Costs Amount
IssuanceOfCommonStockAndWarrantsNetOfIssuanceCostsAmount
|
4276365 | usd |
CY2022Q2 | drma |
Issuance Of Common Stock Upon Exercise Of Pre Funded Warrants Amount
IssuanceOfCommonStockUponExerciseOfPreFundedWarrantsAmount
|
87 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
55625 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
205947 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2730573 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9659970 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
3941506 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
5516725 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
262437 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
474452 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-428843 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-426591 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-58924 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
93566 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-180848 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
74753 | usd | |
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
451508 | usd | |
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
1069362 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3489998 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4447363 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
5687087 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4276365 | usd | |
drma |
Proceeds From Pre Funded Warrants Exercises
ProceedsFromPreFundedWarrantsExercises
|
187 | usd | |
drma |
Proceeds From Pre Funded Warrants Exercises
ProceedsFromPreFundedWarrantsExercises
|
87 | usd | |
drma |
Payment For Fractional Shares In Reverse Stock
PaymentForFractionalSharesInReverseStock
|
40 | usd | |
drma |
Payment For Fractional Shares In Reverse Stock
PaymentForFractionalSharesInReverseStock
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5687234 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4276452 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
2197236 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-170911 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6241294 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10798806 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8438530 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10627895 | usd |
CY2021Q3 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
160714 | shares |
CY2023Q2 | drma |
Class Of Warrant Or Right Exercise Price Of Warrants Or Right
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRight
|
112.00 | |
CY2023Q2 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
8400000 | usd |
CY2023Q2 | drma |
Accumulated Deficit
AccumulatedDeficit
|
-49500000 | usd |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
3500000 | usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
8800000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company’s financial statements are prepared in accordance with GAAP. The preparation of the Company’s financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities, and expenses and disclosure of contingent assets and liabilities in the financial statements and accompanying notes. On an ongoing basis, management evaluates these estimates and judgments, including those related to accrued research and development expenses, stock-based compensation, and the estimated fair values of equity instruments. Management evaluates its estimates on an ongoing basis. The Company bases its estimates on various assumptions that it believes are reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions.</p> | ||
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1701364 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2730573 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3941506 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5516725 | usd | |
CY2023Q2 | drma |
Weighted Average Number Of Basic And Diluted Shares Outstanding
WeightedAverageNumberOfBasicAndDilutedSharesOutstanding
|
2704987 | shares |
CY2022Q2 | drma |
Weighted Average Number Of Basic And Diluted Shares Outstanding
WeightedAverageNumberOfBasicAndDilutedSharesOutstanding
|
699679 | shares |
drma |
Weighted Average Number Of Basic And Diluted Shares Outstanding
WeightedAverageNumberOfBasicAndDilutedSharesOutstanding
|
1850167 | shares | |
drma |
Weighted Average Number Of Basic And Diluted Shares Outstanding
WeightedAverageNumberOfBasicAndDilutedSharesOutstanding
|
611344 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.63 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.90 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.13 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-9.02 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4745629 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
499684 | shares | |
CY2023Q2 | drma |
Proceeds Cash From Pipe
ProceedsCashFromPipe
|
1500000 | usd |
CY2023Q2 | drma |
Underwriters Discounts And Offering Expenses In Pipe
UnderwritersDiscountsAndOfferingExpensesInPipe
|
300000 | usd |
drma |
Warrant Reduced Description
WarrantReducedDescription
|
from $21.20 to $2.82 per share upon closing of the March 2023 Offering | ||
drma |
Reverse Stock Split
ReverseStockSplit
|
1-for-16 | ||
CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q2 | us-gaap |
Preferred Stock No Par Value
PreferredStockNoParValue
|
0.0001 | |
CY2023Q1 | drma |
Common Stock Share Issued
CommonStockShareIssued
|
85000 | shares |
CY2023Q1 | drma |
Increasing Shares Authorized For Issuance
IncreasingSharesAuthorizedForIssuance
|
1533123 | shares |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.0001 | |
drma |
Warrants Exercised During Period Share
WarrantsExercisedDuringPeriodShare
|
1533123 | shares | |
CY2023Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
4643555 | shares |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
437102 | shares |