2024 Q2 Form 10-K Financial Statement
#000149315224012508 Filed on April 01, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $163.2K | $244.4K | $731.5K |
YoY Change | 15.52% | 2633.45% | 8082.21% |
Cost Of Revenue | $29.67K | $101.8K | $300.0K |
YoY Change | 15.92% | 2388.75% | 7234.72% |
Gross Profit | $69.79K | $142.6K | $431.5K |
YoY Change | -19.9% | 2839.79% | 8796.91% |
Gross Profit Margin | 42.77% | 58.35% | 58.99% |
Selling, General & Admin | $2.238M | $2.711M | $9.650M |
YoY Change | -5.92% | 300.56% | 383.38% |
% of Gross Profit | 3207.29% | 1901.13% | 2236.48% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $3.210K | $6.290K | $24.89K |
YoY Change | -48.48% | 62.95% | 544.82% |
% of Gross Profit | 4.6% | 4.41% | 5.77% |
Operating Expenses | $2.238M | $2.711M | $9.650M |
YoY Change | -5.92% | 300.57% | 383.38% |
Operating Profit | -$2.169M | -$2.568M | -$9.219M |
YoY Change | -5.39% | 282.24% | 362.89% |
Interest Expense | -$222.7K | -$6.470K | |
YoY Change | -2805.71% | 259.44% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$222.7K | $6.470K | $6.470K |
YoY Change | -2804.7% | -199.95% | |
Pretax Income | -$2.391M | -$2.568M | -$9.212M |
YoY Change | 4.7% | 281.21% | 361.07% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$2.391M | -$2.568M | -$9.212M |
YoY Change | 4.68% | 281.21% | 361.07% |
Net Earnings / Revenue | -1465.39% | -1050.89% | -1259.4% |
Basic Earnings Per Share | -$0.09 | -$0.57 | |
Diluted Earnings Per Share | -$0.09 | -$0.13 | -$0.57 |
COMMON SHARES | |||
Basic Shares Outstanding | 23.62M shares | 17.04M shares | 16.11M shares |
Diluted Shares Outstanding | 26.10M shares | 16.11M shares |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $490.2K | $739.0K | $739.0K |
YoY Change | -83.37% | 8.22% | 8.22% |
Cash & Equivalents | $490.2K | $739.0K | $739.0K |
Short-Term Investments | |||
Other Short-Term Assets | $13.30K | $60.95K | $60.95K |
YoY Change | -74.79% | 418.72% | 418.72% |
Inventory | $14.02K | $18.50K | $18.50K |
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $517.6K | $818.5K | $818.5K |
YoY Change | -82.88% | 17.83% | 17.83% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.313K | $215.4K | $215.4K |
YoY Change | -96.95% | 83.31% | -26.17% |
Goodwill | |||
YoY Change | |||
Intangibles | $14.61M | $0.00 | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $16.94K | $16.94K | $16.94K |
YoY Change | 0.0% | 0.0% | 0.0% |
Total Long-Term Assets | $14.72M | $232.3K | $232.3K |
YoY Change | 5295.73% | -24.73% | -24.73% |
TOTAL ASSETS | |||
Total Short-Term Assets | $517.6K | $818.5K | $818.5K |
Total Long-Term Assets | $14.72M | $232.3K | $232.3K |
Total Assets | $15.24M | $1.051M | $1.051M |
YoY Change | 362.23% | 4.73% | 4.73% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $718.7K | $140.8K | $140.8K |
YoY Change | 451.92% | 317.96% | 317.96% |
Accrued Expenses | $72.12K | $70.31K | $70.31K |
YoY Change | 8.81% | 18.29% | 18.29% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $187.5K | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.378M | $211.1K | $211.1K |
YoY Change | 601.47% | -19.0% | -19.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $30.12K | $64.96K | $64.96K |
YoY Change | -69.07% | -49.52% | -49.52% |
Total Long-Term Liabilities | $30.12K | $64.96K | $64.96K |
YoY Change | -69.08% | -49.52% | -49.52% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.378M | $211.1K | $211.1K |
Total Long-Term Liabilities | $30.12K | $64.96K | $64.96K |
Total Liabilities | $1.408M | $276.0K | $276.0K |
YoY Change | 379.25% | -29.09% | -29.09% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$15.99M | -$11.23M | |
YoY Change | 133.02% | 457.02% | |
Common Stock | $2.913K | $2.142K | |
YoY Change | 74.33% | 60.21% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $13.83M | $774.8K | $774.8K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $15.24M | $1.051M | $1.051M |
YoY Change | 362.23% | 4.73% | 4.73% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.391M | -$2.568M | -$9.212M |
YoY Change | 4.68% | 281.21% | 361.07% |
Depreciation, Depletion And Amortization | $3.210K | $6.290K | $24.89K |
YoY Change | -48.48% | 62.95% | 544.82% |
Cash From Operating Activities | -$1.577M | -$1.698M | -$6.997M |
YoY Change | -11.34% | 161.37% | 419.66% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $3.520K | |
YoY Change | -100.0% | -91.83% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $65.00K | ||
YoY Change | |||
Cash From Investing Activities | $65.00K | $0.00 | -$3.520K |
YoY Change | -100.0% | -91.83% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $7.225M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.988M | 1.200M | 7.057M |
YoY Change | 112.58% | 140.24% | 244.26% |
NET CHANGE | |||
Cash From Operating Activities | -1.577M | -1.698M | -6.997M |
Cash From Investing Activities | 65.00K | 0.000 | -3.520K |
Cash From Financing Activities | 1.988M | 1.200M | 7.057M |
Net Change In Cash | 476.0K | -497.8K | 56.14K |
YoY Change | -156.42% | 161.11% | -91.5% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.577M | -$1.698M | -$6.997M |
Capital Expenditures | $0.00 | $3.520K | |
Free Cash Flow | -$1.698M | -$7.001M | |
YoY Change | 146.0% | 403.8% |
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234088 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
151821 | usd |
CY2022 | MGRX |
Adjustments To Additional Paid In Capital Stock Imputed Interest
AdjustmentsToAdditionalPaidInCapitalStockImputedInterest
|
6473 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1998055 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
614030 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
614030 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1530651 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6200000 | usd |
CY2023 | MGRX |
Adjustments To Additional Paid In Capital Stock Imputed Interest Related Party Loan Repayment
AdjustmentsToAdditionalPaidInCapitalStockImputedInterestRelatedPartyLoanRepayment
|
-6473 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
624463 | usd |
CY2023 | MGRX |
Stock Issued During The Period Value Warrant Exercised
StockIssuedDuringThePeriodValueWarrantExercised
|
1024500 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9212417 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
774754 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
774754 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9212417 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1998055 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
24889 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
3863 | usd |
CY2023 | MGRX |
Issuance Of Common Stock For Services
IssuanceOfCommonStockForServices
|
1530651 | usd |
CY2022 | MGRX |
Issuance Of Common Stock For Services
IssuanceOfCommonStockForServices
|
540065 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
6473 | usd |
CY2023 | MGRX |
Cash In Flow From Other Operating Activity
CashInFlowFromOtherOperatingActivity
|
-6473 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
624463 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
234088 | usd |
CY2022 | MGRX |
Warrants For Service Cancelled
WarrantsForServiceCancelled
|
-151821 | usd |
CY2022 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
16942 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
18501 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
49208 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
11745 | usd |
CY2023 | MGRX |
Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
|
-54979 | usd |
CY2022 | MGRX |
Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
|
174241 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
107090 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
33675 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-56726 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
185405 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
3878 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
2717 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6997375 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1346518 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3519 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
43102 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3519 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-43102 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
75000 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
78260 | usd |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
89200 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
25070 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
1024500 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6200000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2000000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7057040 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2049930 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
56146 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
660310 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
682860 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
22550 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
739006 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
682860 | usd |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_844_eus-gaap--UseOfEstimates_zTaBj30XFrTh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zamGauzDKjhd">Use of Estimates and Assumptions</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in accordance with US GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results can, and in many cases will, differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_zYXIXKxlUq6i" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zDtTJX7Zm2Ol">Concentration and Risks</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s operations are subject to risks including financial, operational, regulatory and other risks including the potential risk of business failure. For the years ended December 31, 2023 and 2022, the Company had no significant revenue from continuing operations which were derived from a single or a few major customers.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
CY2023 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
2097505 | usd |
CY2022 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
352860 | usd |
CY2023Q4 | MGRX |
Prepaid Expenses Related Party
PrepaidExpensesRelatedParty
|
60953 | usd |
CY2022Q4 | MGRX |
Prepaid Expenses Related Party
PrepaidExpensesRelatedParty
|
11745 | usd |
CY2022Q4 | us-gaap |
Deposits
Deposits
|
16942 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
18501 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
24889 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
3863 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
96129 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
117499 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
28752 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3863 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
96129 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
117499 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
78260 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
|
5000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
|
31630 | usd |
CY2023Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
63260 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
21419500 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
21419500 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
13365000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
13365000 | shares |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
624463 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
82267 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1250000 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.10 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1250000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.10 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
133333 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.10 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1250000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.10 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1400000 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.40 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2650000 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.73 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1812500 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.73 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
573202 | usd |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
31995 | usd |
CY2023Q4 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
271216 | usd |
CY2023 | MGRX |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodWeightedAverageGrantDateFairValue
|
1.43 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9212417 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-11228173 | usd |
CY2022Q3 | us-gaap |
Area Of Land
AreaOfLand
|
2201 | sqft |
CY2022Q3 | us-gaap |
Lessee Operating Lease Description
LesseeOperatingLeaseDescription
|
The Lease Agreement has a term of thirty-eight (38) months and has a monthly base rent of $5,777.63, or $31.50 per square foot, the from months 3-18 and increases at the rate of $1 per square foot per annum until the end of the lease term | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P38M | |
CY2022Q3 | us-gaap |
Payments For Rent
PaymentsForRent
|
5777.63 | usd |
CY2022Q3 | MGRX |
Percentage Of Proportionate Rent
PercentageOfProportionateRent
|
0.0245 | pure |
CY2022Q3 | MGRX |
Percentage Of Incremental Borrowing Rate
PercentageOfIncrementalBorrowingRate
|
0.08 | pure |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
119262 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
128679 | usd |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
65274 | usd |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
71716 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
67589 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
139305 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
10626 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
128679 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
9212417 | usd |
CY2023Q4 | MGRX |
Decrease In Deferred Tax Assets Valuation Allowance
DecreaseInDeferredTaxAssetsValuationAllowance
|
9212417 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | pure |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
11228173 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
11228173 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
2015756 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
11228173 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
2015756 | usd |
CY2023Q4 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q4 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |