2023 Q3 Form 10-Q Financial Statement
#000149315223027838 Filed on August 11, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
Revenue | $7.466K | $13.16K | $30.39K |
YoY Change | -91.32% | -56.69% | |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.330M | $1.116M | $1.044M |
YoY Change | 9.46% | 6.84% | -23.79% |
% of Gross Profit | |||
Research & Development | $769.4K | $2.007M | $3.033M |
YoY Change | -72.76% | -33.84% | 22.92% |
% of Gross Profit | |||
Depreciation & Amortization | $10.00K | $11.31K | $10.38K |
YoY Change | -21.51% | 8.96% | -16.63% |
% of Gross Profit | |||
Operating Expenses | $2.102M | $3.122M | $4.078M |
YoY Change | -47.97% | -23.42% | 6.24% |
Operating Profit | -$2.094M | -$3.109M | -$3.604M |
YoY Change | -47.02% | -13.74% | |
Interest Expense | $14.17K | $843.00 | $14.55K |
YoY Change | 171.04% | -94.21% | -37.34% |
% of Operating Profit | |||
Other Income/Expense, Net | $81.56K | $58.73K | -$120.00 |
YoY Change | 127.08% | -49043.33% | |
Pretax Income | -$2.013M | -$3.051M | -$4.033M |
YoY Change | -48.62% | -24.35% | 5.7% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$2.013M | -$3.051M | -$4.033M |
YoY Change | -48.62% | -24.35% | 5.7% |
Net Earnings / Revenue | -26960.69% | -23175.46% | -13269.79% |
Basic Earnings Per Share | -$0.85 | -$1.51 | -$1.85 |
Diluted Earnings Per Share | -$0.85 | -$1.51 | -$34.65K |
COMMON SHARES | |||
Basic Shares Outstanding | 2.539M shares | 2.025M shares | 1.940M shares |
Diluted Shares Outstanding | 2.356M shares | 2.025M shares | 1.940M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.770M | $6.474M | $17.87M |
YoY Change | -58.64% | -63.77% | -48.32% |
Cash & Equivalents | $5.767M | $6.474M | $17.87M |
Short-Term Investments | |||
Other Short-Term Assets | $2.010M | $1.612M | $102.5K |
YoY Change | 257.68% | 1472.54% | 17.92% |
Inventory | |||
Prepaid Expenses | $1.600M | ||
Receivables | |||
Other Receivables | $35.10K | $13.16K | |
Total Short-Term Assets | $7.814M | $8.099M | $17.97M |
YoY Change | -46.16% | -54.93% | -48.16% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $52.40K | $98.46K | $495.1K |
YoY Change | -60.42% | -80.12% | -15.48% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $10.00K | $17.94K | |
YoY Change | |||
Total Long-Term Assets | $85.34K | $365.7K | $495.1K |
YoY Change | -83.83% | -26.15% | -15.48% |
TOTAL ASSETS | |||
Total Short-Term Assets | $7.814M | $8.099M | $17.97M |
Total Long-Term Assets | $85.34K | $365.7K | $495.1K |
Total Assets | $7.899M | $8.464M | $18.47M |
YoY Change | -47.48% | -54.16% | -47.61% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $810.0K | $590.6K | $1.280M |
YoY Change | -7.01% | -53.85% | -33.71% |
Accrued Expenses | $45.28K | $334.4K | $180.8K |
YoY Change | -77.58% | 84.96% | -2.62% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $490.0K | $0.00 | $0.00 |
YoY Change | 15.32% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.402M | $1.141M | $1.460M |
YoY Change | -6.4% | -21.85% | -30.98% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $65.75K | $217.4K |
YoY Change | -100.0% | -69.75% | -45.41% |
Total Long-Term Liabilities | $65.75K | $217.4K | |
YoY Change | -69.75% | -45.41% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.402M | $1.141M | $1.460M |
Total Long-Term Liabilities | $65.75K | $217.4K | |
Total Liabilities | $1.402M | $1.207M | $1.678M |
YoY Change | -17.65% | -28.06% | -33.27% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$193.5M | -$191.5M | |
YoY Change | 4.43% | ||
Common Stock | $2.549K | $2.025K | |
YoY Change | -97.83% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $6.497M | $7.257M | $16.79M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $7.899M | $8.464M | $18.47M |
YoY Change | -47.48% | -54.16% | -47.61% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.013M | -$3.051M | -$4.033M |
YoY Change | -48.62% | -24.35% | 5.7% |
Depreciation, Depletion And Amortization | $10.00K | $11.31K | $10.38K |
YoY Change | -21.51% | 8.96% | -16.63% |
Cash From Operating Activities | -$1.500M | -$2.577M | -$3.383M |
YoY Change | -60.27% | -23.83% | 62.76% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $60.00K | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $60.00K | $0.00 | $0.00 |
YoY Change | -262.03% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 730.0K | -107.9K | -122.2K |
YoY Change | -805.31% | -11.7% | -180.24% |
NET CHANGE | |||
Cash From Operating Activities | -1.500M | -2.577M | -3.383M |
Cash From Investing Activities | 60.00K | 0.000 | 0.000 |
Cash From Financing Activities | 730.0K | -107.9K | -122.2K |
Net Change In Cash | -710.0K | -2.685M | -3.505M |
YoY Change | -81.87% | -23.41% | 81.97% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.500M | -$2.577M | -$3.383M |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | -$1.500M | -$2.577M | -$3.383M |
YoY Change | -59.88% | -23.83% |
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|
-8180536 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3050586 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3589543 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5895423 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8180536 | usd | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.51 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.51 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.85 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.85 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.91 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.91 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-4.22 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-4.22 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-75047 | usd | |
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
267640 | usd | |
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
303416 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-267640 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-303416 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2024766 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2024766 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2024766 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1939913 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1939913 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1939913 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2024766 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2024766 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2024766 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1939913 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1939913 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1939913 | shares | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13009302 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
79966 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2844837 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10244431 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
63628 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3050586 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7257473 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26486199 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
90247 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4590993 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21985453 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21985453 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
278988 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3589543 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18674898 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18674898 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5895423 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8180536 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
22606 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
18847 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
10964 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
143594 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
369235 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
13163 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-6987 | usd | |
OGEN |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
-98184 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1232949 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1555350 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-274070 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
332024 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4685323 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-9019757 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
12000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
87047 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-4952963 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-9398220 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
11426785 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
27265703 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
6473822 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
17867483 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
3347 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
4062 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5895423 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4685323 | usd | |
CY2023Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-191457940 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
98456 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
121062 | usd |
CY2023Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
11303 | usd |
CY2022Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
10379 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
22606 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
18847 | usd | |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
372989 | usd |
CY2023Q2 | OGEN |
Prepaid Financing Costs
PrepaidFinancingCosts
|
75000 | usd |
CY2023Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
25000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84F_eus-gaap--UseOfEstimates_zFD5wuxDQuO7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><span id="xdx_867_zyt2sH3TQ6ij">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">The preparation of consolidated financial statements in conformity with US GAAP requires 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 consolidated financial statements, as well as the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. The principal area of estimation reflected in the consolidated financial statements are estimates for research and development expenses and related prepaid and accrued expenses, which are based on the percentage of completion of the Company’s contracts with Contract Research Organizations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> | ||
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zDlb8wTXnqtf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><span id="xdx_865_zPMQ94CUwJ95">Reclassification</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. Adjustments to the Consolidated Balance Sheet and Consolidated Statement of Cash Flows for the six-month period ended June 30, 2022 were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Deposits of $<span id="xdx_902_eus-gaap--DepositsAssetsNoncurrent_iI_c20220630__srt--RestatementAxis__srt--RevisionOfPriorPeriodReclassificationAdjustmentMember_zPyLUcHGM0Ja" title="Deposits">17,940</span> were reclassified from Prepaid Expenses and other current assets to Other Assets.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Changes in Operating Lease Right of Use Assets of $<span id="xdx_903_ecustom--IncreaseDecreaseInOperatingLeaseRightOfUseAssets_c20220101__20220630__srt--RestatementAxis__srt--RevisionOfPriorPeriodReclassificationAdjustmentMember_zHE4TiFK5pQ5" title="Changes in operating lease right of use assets">45,921</span> was reclassified from Accounts Payable and Accrued Expenses into its own account.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Changes in Operating Lease Liabilities of <span id="xdx_90E_eus-gaap--IncreaseDecreaseInOperatingLeaseLiability_c20220101__20220630__srt--RestatementAxis__srt--RevisionOfPriorPeriodReclassificationAdjustmentMember_zHd0zn9sY6A" title="Changes in operating lease liabilities">($47,327)</span> was reclassified from Accounts Payable and Accrued Expenses into its own account.</span> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> | ||
CY2023Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1611849 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2844798 | usd |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_845_eus-gaap--ConcentrationRiskCreditRisk_zHYNLRpXYho1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><span id="xdx_86C_zY2Ni8w5v4ba">Concentrations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company maintains cash accounts in commercial banks, which may, at times, exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes there is a minimal credit risk on cash and cash equivalents. Cash and cash equivalents could be adversely impacted, including the loss of uninsured deposits and other uninsured financial assets, if one or more of the financial institutions in which the Company holds its cash or cash equivalents fails or is subject to other adverse conditions in the financial or credit markets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> | ||
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1484301 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1484301 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1385845 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1363239 | usd |
CY2023Q2 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
590576 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
246690 | usd |
CY2023Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
334441 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
812861 | usd |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
31101 | usd |
CY2023Q2 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
26002 | usd |
CY2022Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
33545 | usd |
CY2023Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
951019 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1124197 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
267640 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
267640 | usd |
CY2023Q2 | OGEN |
Prepaid Research And Development Expense
PrepaidResearchAndDevelopmentExpense
|
1455456 | usd |
CY2022Q4 | OGEN |
Prepaid Research And Development Expense
PrepaidResearchAndDevelopmentExpense
|
2471809 | usd |
CY2023Q2 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
56393 | usd |
CY2023Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1600000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
2800000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
reverse stock split of our common stock by a ratio of one for sixty | |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | shares | |
CY2023Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | shares |
CY2023Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
260995 | shares |
CY2023Q2 | OGEN |
Class Of Warrant Or Right Outstanding Exercisable
ClassOfWarrantOrRightOutstandingExercisable
|
260995 | shares |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
63628 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
278988 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
143594 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
369235 | usd | |
CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
118874 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.040 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.430 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.000 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P10Y | ||
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y2M15D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y8M19D | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0577 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0578 | pure |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
109690 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
156605 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
266295 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
10301 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
255994 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
116098 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
114259 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1965 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
116098 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
116224 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
118807 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
117350 | usd |