2023 Q3 Form 10-Q Financial Statement

#000121390023066740 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.139M $362.5K $619.9K
YoY Change 83.01%
% of Gross Profit
Research & Development $1.352M $859.2K $891.1K
YoY Change 16.46% -38.01%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.491M $1.222M $1.511M
YoY Change 39.68% -36.69%
Operating Profit -$2.491M -$1.222M
YoY Change 40.88% -36.69%
Interest Expense $221.8K $640.00
YoY Change 1382.58%
% of Operating Profit
Other Income/Expense, Net $13.23K $4.350K $0.00
YoY Change 85.81%
Pretax Income -$2.330M -$3.701M -$1.510M
YoY Change 31.26%
Income Tax
% Of Pretax Income
Net Earnings -$2.330M -$3.701M -$1.510M
YoY Change 31.26% 91.97%
Net Earnings / Revenue
Basic Earnings Per Share -$0.17 -$1.05
Diluted Earnings Per Share -$0.17 -$1.05 -$0.12
COMMON SHARES
Basic Shares Outstanding 13.68M shares 3.517M shares
Diluted Shares Outstanding 13.66M shares 3.517M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.69M $135.8K $1.312M
YoY Change 2153.01%
Cash & Equivalents $6.694M $135.8K $1.312M
Short-Term Investments $9.000M
Other Short-Term Assets $14.37K $159.5K $76.16K
YoY Change -85.61%
Inventory
Prepaid Expenses $971.2K $16.20K
Receivables
Other Receivables
Total Short-Term Assets $16.63M $18.06M $1.450M
YoY Change 1850.56%
LONG-TERM ASSETS
Property, Plant & Equipment $152.6K $0.00 $139.1K
YoY Change -17.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.44K $167.7K $167.7K
YoY Change -83.05%
Total Long-Term Assets $181.0K $167.7K $306.8K
YoY Change -48.61%
TOTAL ASSETS
Total Short-Term Assets $16.63M $18.06M $1.450M
Total Long-Term Assets $181.0K $167.7K $306.8K
Total Assets $16.82M $18.23M $1.757M
YoY Change 1295.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $358.4K $1.582M $603.2K
YoY Change -54.99%
Accrued Expenses $355.0K $1.477M $1.867M
YoY Change -85.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $4.349M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $724.0K $3.058M $6.818M
YoY Change -86.55%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $180.9K $36.00K $36.00K
YoY Change 402.47%
Total Long-Term Liabilities $180.9K $36.00K $36.00K
YoY Change 402.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $724.0K $3.058M $6.818M
Total Long-Term Liabilities $180.9K $36.00K $36.00K
Total Liabilities $904.9K $3.094M $6.854M
YoY Change -83.3%
SHAREHOLDERS EQUITY
Retained Earnings -$47.34M -$43.69M -$38.65M
YoY Change
Common Stock $1.371K $1.310K $341.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.91M $15.13M -$5.097M
YoY Change
Total Liabilities & Shareholders Equity $16.82M $18.23M $1.757M
YoY Change 1295.41%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q4
OPERATING ACTIVITIES
Net Income -$2.330M -$3.701M -$1.510M
YoY Change 31.26% 91.97%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$5.119M -$238.9K -$1.635M
YoY Change 33.2%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$8.844M $0.00
YoY Change
Cash From Investing Activities -$8.844M $0.00
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 20.52M -241.8K 2.250M
YoY Change
NET CHANGE
Cash From Operating Activities -5.119M -238.9K -1.635M
Cash From Investing Activities -8.844M 0.000
Cash From Financing Activities 20.52M -241.8K 2.250M
Net Change In Cash 6.558M -480.7K 615.3K
YoY Change -270.66%
FREE CASH FLOW
Cash From Operating Activities -$5.119M -$238.9K -$1.635M
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"><b>Note A — Nature of Business</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">Intensity Therapeutics, Inc. (“the Company”) is a Connecticut based company that incorporated in Delaware in December 2012. The Company is a biotechnology company whose treatment approach addresses both the regional and systemic nature of a patient’s cancer. The Company’s DfuseRx<sup>SM</sup> technology platform has identified a lead drug, INT230-6.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">On April 27, 2023, the Company effected a two-for-one reverse stock split (“Reverse Stock Split”). All owners of record as of April 27, 2023 received one issued and outstanding share of the Company’s common stock in exchange for two outstanding shares of the Company’s common stock. All fractional shares created by the two-for-one exchange will be paid in cash. The conversion price of Series A redeemable convertible preferred stock, Series B convertible preferred stock, and Series C convertible preferred stock reflect the Reverse Stock Split by doubling the original conversion price. The Reverse Stock Split has no impact on the par value per share of the Company’s common stock, Series A redeemable convertible preferred stock, Series B convertible preferred stock, and Series C convertible preferred stock, all of which remain at $.0001. All holders of options and warrants had the exercise price doubled and the number of shares issuable upon exercise reduced by half. All current and prior period amounts related to shares, share prices and loss per share, presented in the Company’s financial statements and the accompanying notes have been restated for the Reverse Stock Split.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">As a result of its initial public offering (“IPO”), the Company began trading on the Nasdaq Capital Market under the symbol “INTS” on June 30, 2023 and on July 5, 2023 the Company received $17,765,000 in net cash proceeds after deducting the underwriter’s discounts, commissions, and legal expenses. These shares were formally issued on July 5, 2023 at the time that the net proceeds were transferred to the Company. The Company intends to use the net proceeds from the IPO to complete pre-clinical and clinical studies, submit regulatory filings to the United States Food &amp; Drug Administration (“FDA”) and for general and corporate purposes.</span></p>
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the Company effected a two-for-one reverse stock split (“Reverse Stock Split”). All owners of record as of April 27, 2023 received one issued and outstanding share of the Company’s common stock in exchange for two outstanding shares of the Company’s common stock. All fractional shares created by the two-for-one exchange will be paid in cash. The conversion price of Series A redeemable convertible preferred stock, Series B convertible preferred stock, and Series C convertible preferred stock reflect the Reverse Stock Split by doubling the original conversion price. The Reverse Stock Split has no impact on the par value per share of the Company’s common stock, Series A redeemable convertible preferred stock, Series B convertible preferred stock, and Series C convertible preferred stock, all of which remain at $.0001.
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20456000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif"><b>[2] Use of estimates:</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">Certain accounting principles require subjective and complex judgments to be used in the preparation of financial statements. Accordingly, a different financial presentation could result depending on the judgments, estimates, or assumptions that are used.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">The Company utilizes significant estimates and assumptions in valuing its stock-based awards. An additional significant estimate is that these financial statements are based on the assumption of the Company continuing as a going concern. See Note B with regard to the Company’s ability to continue as a going concern.</span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif"><b>[3] Concentration of credit risk:</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">The Company’s financial instruments that are exposed to concentrations of credit risk consist entirely of cash. These financial instruments are held at two U.S. financial institutions. The cash accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to regulatory limits. During the six months ended June 30, 2023, the Company’s cash balances exceeded the FDIC insurance limit. The Company has not experienced any losses in such accounts. Although the Company believes that the financial institutions with whom the Company does business will be able to fulfill their commitments to the Company, there is no assurance that those institutions will be able to continue to do so beyond amounts guaranteed by the FDIC.</span></p>
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
422525 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
328527 usd
CY2023Q2 ints Accrued Patient Costs Current
AccruedPatientCostsCurrent
1050914 usd
CY2022Q4 ints Accrued Patient Costs Current
AccruedPatientCostsCurrent
1392604 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1705000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5359351 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: justify; color: #231F20"><span style="font-family: Times New Roman, Times, Serif"><b>[12] Reclassifications:</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in; color: #231F20"><span style="font-family: Times New Roman, Times, Serif">Certain prior year amounts have been reclassified to conform to current year presentation.</span></p>
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3194 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2269 usd
CY2023Q2 us-gaap Prepaid Insurance
PrepaidInsurance
54241 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
29359 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16200 usd
CY2023Q2 ints Advances To Vendors
AdvancesToVendors
21488 usd
CY2022Q4 ints Advances To Vendors
AdvancesToVendors
14685 usd
CY2023Q2 us-gaap Prepaid Taxes
PrepaidTaxes
8785 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
15903 usd
CY2023Q2 ints Receivable With Related Party
ReceivableWithRelatedParty
69365 usd
CY2022Q4 ints Receivable With Related Party
ReceivableWithRelatedParty
46401 usd
CY2023Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
5581 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
15911 usd
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
159460 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
138459 usd
CY2023Q2 ints Deposit With Vendor Noncurrent
DepositWithVendorNoncurrent
150000 usd
CY2022Q4 ints Deposit With Vendor Noncurrent
DepositWithVendorNoncurrent
150000 usd
CY2023Q2 ints Deposit With Landlord Noncurrent
DepositWithLandlordNoncurrent
17738 usd
CY2022Q4 ints Deposit With Landlord Noncurrent
DepositWithLandlordNoncurrent
17738 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
167738 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
167738 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1476633 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1723400 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2261581 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2261581 usd
CY2022Q4 ints Convertible Notes Payable Principal Current
ConvertibleNotesPayablePrincipalCurrent
4250000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
98548 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
4348548 usd
CY2023Q2 ints Convertible Notes Payable Principal Current
ConvertibleNotesPayablePrincipalCurrent
4492552 usd
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
244447 usd
us-gaap Debt Instrument Convertible Number Of Equity Instruments
DebtInstrumentConvertibleNumberOfEquityInstruments
1399716 pure
CY2023Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
117700 usd
CY2023Q2 us-gaap Share Price
SharePrice
5
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
6
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
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P5Y
CY2023Q2 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
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CY2023Q2 us-gaap Auction Market Preferred Securities Stock Series Shares Authorized
AuctionMarketPreferredSecuritiesStockSeriesSharesAuthorized
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CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
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CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3000000 shares
ints Aggregate Percentage
AggregatePercentage
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CY2023Q1 us-gaap Auction Market Preferred Securities Stock Series Shares Authorized
AuctionMarketPreferredSecuritiesStockSeriesSharesAuthorized
238700 shares
CY2021Q4 ints Number Of Shares Underlying Options Outstanding At Beginning
NumberOfSharesUnderlyingOptionsOutstandingAtBeginning
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CY2021Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
8.57
CY2022Q1 ints Number Of Shares Underlying Options Outstanding At Ending
NumberOfSharesUnderlyingOptionsOutstandingAtEnding
911250 shares
CY2022Q1 ints Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Priceending Balance
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceendingBalance
8.57
CY2022Q2 ints Number Of Shares Underlying Options Outstanding At Ending
NumberOfSharesUnderlyingOptionsOutstandingAtEnding
911250 shares
CY2022Q2 ints Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Priceending Balance
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceendingBalance
8.57
CY2022Q1 ints Number Of Shares Underlying Options Outstanding At Beginning
NumberOfSharesUnderlyingOptionsOutstandingAtBeginning
1044250 shares
CY2022Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
8.48
CY2023Q1 ints Number Of Shares Underlying Options Outstanding At Ending
NumberOfSharesUnderlyingOptionsOutstandingAtEnding
1044250 shares
CY2023Q1 ints Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Priceending Balance
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceendingBalance
8.48
CY2023Q2 ints Number Of Shares Underlying Options Outstanding At Ending
NumberOfSharesUnderlyingOptionsOutstandingAtEnding
1044250 shares
CY2023Q2 ints Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Priceending Balance
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceendingBalance
8.48
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
711875 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.63
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
593000 usd
CY2023Q2 ints Unrecognized Compensation Cost Related
UnrecognizedCompensationCostRelated
1543000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y8M12D
CY2023Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
usd
CY2023Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
240000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
196000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
481000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
394000 usd
ints Expire Period Term
ExpirePeriodTerm
P10Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y
CY2017Q1 ints Square Feet
SquareFeet
2534 usd
CY2017Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P2Y
CY2017Q1 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P3Y
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0392 pure
ints Operating Lease Payments Years
OperatingLeasePaymentsYears
P5Y6M
CY2023Q2 us-gaap Prepaid Rent
PrepaidRent
2910 usd
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
3275 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
139089 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
143221 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
143221 usd
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2023Q2 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
36000 usd
CY2022Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
36000 usd
ints Related To Agreement
RelatedToAgreement
69400 usd
CY2022 ints Related To Agreement
RelatedToAgreement
46400 usd
ints Agreement Accrued
AgreementAccrued
100000 usd
CY2022 ints Agreement Accrued
AgreementAccrued
95900 usd
us-gaap Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
4000 usd
us-gaap Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
65900 usd
CY2023Q2 ints Related Party Tax Expense Due To Affiliates Current One
RelatedPartyTaxExpenseDueToAffiliatesCurrentOne
-11000 usd
CY2022Q2 us-gaap Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
60000 usd
us-gaap Related Party Tax Expense Due To Affiliates Deferred
RelatedPartyTaxExpenseDueToAffiliatesDeferred
23000 usd
us-gaap Related Party Tax Expense Due To Affiliates Deferred
RelatedPartyTaxExpenseDueToAffiliatesDeferred
33700 usd
CY2023Q2 us-gaap Related Party Tax Expense Due To Affiliates Deferred
RelatedPartyTaxExpenseDueToAffiliatesDeferred
5700 usd
CY2022Q2 us-gaap Related Party Tax Expense Due To Affiliates Deferred
RelatedPartyTaxExpenseDueToAffiliatesDeferred
16900 usd
CY2023Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
439400 usd
CY2023Q2 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
196600 usd
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
1 pure
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03 pure
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
23000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
5000 usd
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
10000 usd
CY2022Q4 ints Stock Subscriptions Receivable
StockSubscriptionsReceivable
usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
usd
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.45
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3410103 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3410103 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3463635 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3516579 shares
ints Stock Issued During Period Value Preferred Stock For Anti Dilution Clauses
StockIssuedDuringPeriodValuePreferredStockForAntiDilutionClauses
usd
CY2023Q2 ints Stock Issued During Period Value Preferred Stock For Anti Dilution Clauses
StockIssuedDuringPeriodValuePreferredStockForAntiDilutionClauses
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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ints Payout Of Fractional Shares On Reverse Split
PayoutOfFractionalSharesOnReverseSplit
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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ints Proceeds From Subscription Receivable
ProceedsFromSubscriptionReceivable
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us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
usd
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
usd
ints Warrants Issued To Underwriter In Connection With Stock Issuance
WarrantsIssuedToUnderwriterInConnectionWithStockIssuance
usd
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2022Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2022Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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CY2023Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2023Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
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CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2023Q2 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001567264

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