2023 Q3 Form 10-Q Financial Statement
#000121390023066740 Filed on August 14, 2023
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 |
Facts In Submission
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---|---|---|---|---|
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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Stock Subscriptions Receivable
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|
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dei |
Document Type
DocumentType
|
10-Q | ||
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true | ||
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Document Period End Date
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2023-06-30 | ||
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Document Fiscal Year Focus
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2023 | ||
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Entity File Number
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|
001-41109 | ||
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Entity Registrant Name
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|
Intensity Therapeutics, Inc. | ||
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Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
46-1488089 | ||
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Entity Address Address Line1
EntityAddressAddressLine1
|
1 Enterprise Drive | ||
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Entity Address Address Line2
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|
Suite 430 | ||
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Entity Address City Or Town
EntityAddressCityOrTown
|
Shelton | ||
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Entity Address State Or Province
EntityAddressStateOrProvince
|
CT | ||
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Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
06484-4779 | ||
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CityAreaCode
|
(203) | ||
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Local Phone Number
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221-7381 | ||
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Common Stock, par value $0.0001 per share | ||
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Trading Symbol
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INTS | ||
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NASDAQ | ||
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Entity Current Reporting Status
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Entity Filer Category
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44 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
279338 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-36830 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1176112 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2816990 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1311877 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4539229 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
135765 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1722239 | usd |
CY2023Q2 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
3900000 | shares |
ints |
Proceeds From Subscription Receivable
ProceedsFromSubscriptionReceivable
|
17765000 | usd | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
4736999 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
159262 | usd | |
ints |
Warrants Issued To Underwriter In Connection With Stock Issuance
WarrantsIssuedToUnderwriterInConnectionWithStockIssuance
|
1017146 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<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 & Drug Administration (“FDA”) and for general and corporate purposes.</span></p> | ||
CY2023Q2 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
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. | |
CY2023Q2 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
17765000 | usd |
CY2023Q2 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
43700000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5000000 | usd | |
CY2023Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
136000 | usd |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
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 | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
6 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.0146 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | ||
CY2023Q2 | us-gaap |
Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
|
1800000 | shares |
CY2023Q2 | us-gaap |
Auction Market Preferred Securities Stock Series Shares Authorized
AuctionMarketPreferredSecuritiesStockSeriesSharesAuthorized
|
4500000 | shares |
CY2021Q4 | us-gaap |
Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
|
2677500 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3000000 | shares |
ints |
Aggregate Percentage
AggregatePercentage
|
0.035 | pure | |
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
|
911250 | shares |
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
|
usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | ||
ints |
Payout Of Fractional Shares On Reverse Split
PayoutOfFractionalSharesOnReverseSplit
|
usd | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
usd | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | ||
ints |
Proceeds From Subscription Receivable
ProceedsFromSubscriptionReceivable
|
usd | ||
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
|
usd | |
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
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
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
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
||
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
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
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
|
||
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
||
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
usd | |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
usd | |
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 |