2023 Q1 Form 10-K Financial Statement

#000121390023018635 Filed on March 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.766M $2.040M $9.352M
YoY Change 9.31% 166.35% 346.95%
% of Gross Profit
Research & Development $1.082M $1.206M $4.130M
YoY Change 137.81% 175.68% 211.67%
% of Gross Profit
Depreciation & Amortization $1.698K $1.840K $6.752K
YoY Change 30.62% 60.0% 38.08%
% of Gross Profit
Operating Expenses $2.848M $3.246M $13.48M
YoY Change 37.55% 169.74% 294.5%
Operating Profit -$2.848M -$13.48M
YoY Change 37.55% 294.5%
Interest Expense $1.620K $28.04K $61.41K
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.615K $61.41K
YoY Change
Pretax Income -$2.847M -$3.218M -$13.42M
YoY Change 37.48% 167.41% 292.7%
Income Tax $3159B
% Of Pretax Income
Net Earnings -$2.847M -$3.218M -$13.42M
YoY Change 37.48% 167.41% 292.7%
Net Earnings / Revenue
Basic Earnings Per Share -$0.18 -$1.10
Diluted Earnings Per Share -$0.18 -$0.20 -$1.10
COMMON SHARES
Basic Shares Outstanding 15.91M shares 15.47M shares 12.27M shares
Diluted Shares Outstanding 15.91M shares 12.27M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.26M $25.75M $25.75M
YoY Change 8.85% 1235.39% 1235.39%
Cash & Equivalents $21.26M $25.75M
Short-Term Investments
Other Short-Term Assets $2.146M $469.2K $469.2K
YoY Change 552.74% -52.71% -52.71%
Inventory
Prepaid Expenses $780.2K $469.2K
Receivables
Other Receivables
Total Short-Term Assets $22.47M $26.26M $26.26M
YoY Change 17.64% 754.41% 754.41%
LONG-TERM ASSETS
Property, Plant & Equipment $14.21K $14.09K $14.09K
YoY Change -7.73% 22.49% 22.52%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.50K $38.62K $38.62K
YoY Change -92.86%
Total Long-Term Assets $29.71K $52.71K $52.71K
YoY Change -87.22% 358.23% 358.35%
TOTAL ASSETS
Total Short-Term Assets $22.47M $26.26M $26.26M
Total Long-Term Assets $29.71K $52.71K $52.71K
Total Assets $22.50M $26.31M $26.31M
YoY Change 16.38% 752.93% 752.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.503M $1.499M $1.499M
YoY Change 65.64% 157.34% 157.34%
Accrued Expenses $1.293M $2.409M $2.409M
YoY Change -31.71% 128.24% 128.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.809M $3.922M $3.922M
YoY Change 0.27% 139.45% 139.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.809M $3.922M $3.922M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.809M $3.922M $3.922M
YoY Change 0.27% 139.45% 139.45%
SHAREHOLDERS EQUITY
Retained Earnings -$22.22M -$19.38M
YoY Change 225.29%
Common Stock $164.00 $157.00
YoY Change 390.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $600.3K $566.8K
YoY Change
Treasury Stock Shares
Shareholders Equity $19.69M $22.39M $22.39M
YoY Change
Total Liabilities & Shareholders Equity $22.50M $26.31M $26.31M
YoY Change 16.38% 752.93% 752.93%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.847M -$3.218M -$13.42M
YoY Change 37.48% 167.41% 292.7%
Depreciation, Depletion And Amortization $1.698K $1.840K $6.752K
YoY Change 30.62% 60.0% 38.08%
Cash From Operating Activities -$4.446M -$2.801M -$8.699M
YoY Change 401.76% 315.36% 325.53%
INVESTING ACTIVITIES
Capital Expenditures $1.819K $0.00 $9.339K
YoY Change -134.98% -100.0% -586.41%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.819K $0.00 -$9.339K
YoY Change -65.02% -100.0% 386.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $566.8K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$48.95K -582.8K $32.53M
YoY Change -100.28% 324.78% -9834.7%
NET CHANGE
Cash From Operating Activities -$4.446M -2.801M -$8.699M
Cash From Investing Activities -$1.819K 0.000 -$9.339K
Cash From Financing Activities -$48.95K -582.8K $32.53M
Net Change In Cash -$4.497M -3.384M $23.82M
YoY Change -126.96% 315.97% -1100.87%
FREE CASH FLOW
Cash From Operating Activities -$4.446M -$2.801M -$8.699M
Capital Expenditures $1.819K $0.00 $9.339K
Free Cash Flow -$4.448M -$2.801M -$8.708M
YoY Change 404.93% 316.54% 326.39%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-41294
CY2022 dei Entity Registrant Name
EntityRegistrantName
Blue Water Vaccines Inc.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-2262816
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
201 E. Fifth Street
CY2022 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1900
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Cincinnati
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
OH
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
45202
CY2022 dei City Area Code
CityAreaCode
(513)
CY2022 dei Local Phone Number
LocalPhoneNumber
620-4101
CY2022 dei Security12b Title
Security12bTitle
Common stock, $0.00001 par value
CY2022 dei Trading Symbol
TradingSymbol
BWV
CY2022 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
9800000 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
15911868 shares
CY2022 dei Auditor Firm
AuditorFirmId
199
CY2022 dei Auditor Name
AuditorName
Mayer Hoffman McCann P.C.
CY2022 dei Auditor Location
AuditorLocation
Los Angeles, California
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25752659 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1928474 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
469232 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
234551 usd
CY2021Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
757646 usd
CY2022Q4 us-gaap Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
35850 usd
CY2021Q4 us-gaap Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
152524 usd
CY2021 bwv Private Placement Warrants
PrivatePlacementWarrants
shares
CY2022Q4 us-gaap Assets Current
AssetsCurrent
26257741 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
3073195 usd
CY2022Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
38617 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14089 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11502 usd
CY2022Q4 us-gaap Assets
Assets
26310447 usd
CY2021Q4 us-gaap Assets
Assets
3084697 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1499296 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
582605 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2409128 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1055515 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
14021 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3922445 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1638120 usd
CY2022Q4 us-gaap Liabilities
Liabilities
3922445 usd
CY2021Q4 us-gaap Liabilities
Liabilities
1638120 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 bwv Preferred Stock Shares Designated
PreferredStockSharesDesignated
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 bwv Preferred Stock Shares Designated
PreferredStockSharesDesignated
1150000 shares
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
0 usd
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1146138 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1146138 shares
CY2021Q4 bwv Preferred Stock Value1
PreferredStockValue1
11 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15724957 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3200000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15265228 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3200000 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
157 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
32 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
42331155 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
7403204 usd
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
459729 shares
CY2021Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
0 shares
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
566810 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19376500 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5956670 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
22388002 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1446577 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
26310447 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3084697 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9351552 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2092304 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4129688 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1325030 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
13481240 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
3417334 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-13481240 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-3417334 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-61410 usd
CY2022 us-gaap Other Operating Income
OtherOperatingIncome
61410 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-13419830 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-3417334 usd
CY2022 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
96359 usd
CY2021 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
627391 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13516189 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4044725 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.1
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.26
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12271449 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3200000 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
4733770 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
130141 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-3417334 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1446577 usd
CY2022 bwv Issuance Of Common Stock In Initial Public Offering Net
IssuanceOfCommonStockInInitialPublicOfferingNet
2900000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
17138840 usd
CY2022 bwv Issuance Of Common Stock And Warrants In April Private Placement Net
IssuanceOfCommonStockAndWarrantsInAprilPrivatePlacementNet
1100000 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
6858328 usd
CY2022 bwv Issuance Of Common Stock And Warrants In Private Placement Net
IssuanceOfCommonStockAndWarrantsInPrivatePlacementNet
2200000 usd
CY2022 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
8689316 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1655 usd
CY2022 bwv Exercise Of Prefunded Warrants1
ExerciseOfPrefundedWarrants1
1436 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
263924 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1974566 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
566810 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-13419830 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
22388002 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-13419830 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-3417334 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1974566 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
130141 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
263924 usd
CY2022 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-61410 usd
CY2022 us-gaap Depreciation
Depreciation
6752 usd
CY2021 us-gaap Depreciation
Depreciation
4890 usd
CY2021 bwv Write Off Of Receivable From Related Party
WriteOffOfReceivableFromRelatedParty
22242 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1199 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
234681 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8302 usd
CY2022 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
23326 usd
CY2021 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
114961 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
38617 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-184934 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1093913 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
336715 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1739849 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
809279 usd
CY2021 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
9642 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8698860 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2044235 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9339 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1924 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9339 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1924 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
334188 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
18400000 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
-926972 usd
CY2022 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
16468123 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
845048 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
566810 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1655 usd
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
1436 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32532384 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-334188 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
23824185 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2380347 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1928474 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4308821 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25752659 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1928474 usd
CY2021 bwv Initial Public Offering Costs Included In Accounts Payable
InitialPublicOfferingCostsIncludedInAccountsPayable
423458 usd
CY2022 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
45 usd
CY2022 bwv Recognition Of Contingent Warrant Liability Upon Issuance Of Common Stock In Private Placement
RecognitionOfContingentWarrantLiabilityUponIssuanceOfCommonStockInPrivatePlacement
75431 usd
CY2022 bwv Incremental Fair Value Of Preferred Investment Options Exchanged With Private Placement
IncrementalFairValueOfPreferredInvestmentOptionsExchangedWithPrivatePlacement
860204 usd
CY2022 bwv Payment Of Accrued Bonus Through Related Party Receivable
PaymentOfAccruedBonusThroughRelatedPartyReceivable
140000 usd
CY2022 bwv Exercise Of Prefunded Warrants
ExerciseOfPrefundedWarrants
6 usd
CY2021Q4 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
4-for-1 (4:1) stock split
CY2022Q1 bwv Initial Public Offering Shares
InitialPublicOfferingShares
2222222 shares
CY2022Q1 bwv Price Per Share
PricePerShare
9
CY2022Q1 bwv Initial Public Offering
InitialPublicOffering
Proceeds from the IPO, net of underwriting discounts, commissions, and offering costs of $2.9 million, were $17.1 million.
CY2022Q1 us-gaap Convertible Preferred Stock Shares Reserved For Future Issuance
ConvertiblePreferredStockSharesReservedForFutureIssuance
5626365 shares
CY2022 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
33100000 usd
CY2022Q4 us-gaap Investments And Cash
InvestmentsAndCash
25800000 usd
CY2022Q4 us-gaap Other Additional Capital
OtherAdditionalCapital
22300000 usd
CY2022Q4 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
19400000 usd
CY2022 us-gaap Debt Instrument Term
DebtInstrumentTerm
P1Y
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><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 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. The most significant estimates in the Company’s financial statements relate to the valuation of common stock (for transactions incurred prior to the consummation of the IPO), stock-based compensation, accrued research and development expenses and the valuation allowance of deferred tax assets resulting from net operating losses. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily apparent from other sources. Actual results may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations will be affected.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
72172 usd
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
49832 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2409128 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1055515 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of Credit Risk</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><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 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage limit of $250,000. As of December 31, 2022 and 2021, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2021 bwv Nonfinancial Assets Or Liabilities Recorded At Fair Value On A Nonrecurring Basis Description
NonfinancialAssetsOrLiabilitiesRecordedAtFairValueOnANonrecurringBasisDescription
none of the Company’s non-financial assets or liabilities were recorded at fair value on a non-recurring basis.
CY2022 bwv Nonfinancial Assets Or Liabilities Recorded At Fair Value On A Nonrecurring Basis Description
NonfinancialAssetsOrLiabilitiesRecordedAtFairValueOnANonrecurringBasisDescription
none of the Company’s non-financial assets or liabilities were recorded at fair value on a non-recurring basis.
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
14021 usd
CY2022 bwv Fair Value At Issuance1
FairValueAtIssuance1
75431 usd
CY2022 us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
61410 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
14021 usd
CY2022 us-gaap Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
15000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
800000 usd
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
300000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
225000 usd
CY2022 bwv Accrued Research And Development
AccruedResearchAndDevelopment
847747 usd
CY2021 bwv Accrued Research And Development
AccruedResearchAndDevelopment
300182 usd
CY2022Q4 bwv Accrued Deferred Offering Costs
AccruedDeferredOfferingCosts
125000 usd
CY2021Q4 bwv Accrued Deferred Offering Costs
AccruedDeferredOfferingCosts
246236 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
1132859 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
234265 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
177600 usd
CY2022 bwv Options To Purchase Shares Of Common Stock
OptionsToPurchaseSharesOfCommonStock
1392654 shares
CY2021 bwv Options To Purchase Shares Of Common Stock
OptionsToPurchaseSharesOfCommonStock
780640 shares
CY2022 bwv Private Placement Warrants
PrivatePlacementWarrants
5264274 shares
CY2021 bwv Series Seed Preferred Stock
SeriesSeedPreferredStock
4584552 shares
CY2022 bwv Total Number Of Shares
TotalNumberOfShares
6656928 shares
CY2021 bwv Total Number Of Shares
TotalNumberOfShares
5365192 shares
CY2022Q4 bwv Prepaids Research And Development
PrepaidsResearchAndDevelopment
231981 usd
CY2021Q4 bwv Prepaids Research And Development
PrepaidsResearchAndDevelopment
203910 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
148789 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
4842 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
88462 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
25799 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
469232 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
234551 usd
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
38750 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1150000 shares
CY2022Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.00001
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15724957 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3200000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15265228 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3200000 shares
CY2022Q1 bwv Aggregate Purchase Shares
AggregatePurchaseShares
2222222 shares
CY2022Q1 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
9
CY2022Q1 us-gaap Underwriting Expense Ratio
UnderwritingExpenseRatio
0.08 pure
CY2022Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
17100000 usd
CY2022Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
111111 shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
10.35
CY2022Q4 us-gaap Commitments Fair Value Disclosure
CommitmentsFairValueDisclosure
10000 usd
CY2022Q4 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
200000 shares
CY2022Q4 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
254000 usd
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y6M
CY2022Q4 us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Volatility Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
0.9636 pure
CY2022Q4 us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Risk Free Interest Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate
0.0409 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q4 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
5000000 shares
CY2022Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
1
CY2022Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
2
CY2022 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
459729 shares
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.23
CY2022Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
600000 usd
CY2022 bwv Remaining Shares
RemainingShares
4500000 shares
CY2022Q2 us-gaap Other Expenses
OtherExpenses
6900000 usd
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.001
CY2022Q2 us-gaap Shares Issued
SharesIssued
590406 shares
CY2022 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
6.65
CY2022Q2 bwv Agent Fee Percentage
AgentFeePercentage
0.075 pure
CY2022Q2 bwv Management Fee Percentage
ManagementFeePercentage
0.01 pure
CY2022Q2 bwv Out Of Pocket Expenses
OutOfPocketExpenses
85000 usd
CY2022Q2 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
70849 shares
CY2022Q2 bwv Percentage Of Purchase Warrants
PercentageOfPurchaseWarrants
0.06 pure
CY2022Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
8.46875
CY2022Q2 bwv Warrants Issuable Shares
WarrantsIssuableShares
70849 shares
CY2022 bwv Aggregate Percentage
AggregatePercentage
0.02 pure
CY2022Q3 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
1180812 shares
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
2.546
CY2022 bwv Agent Fee Percentage
AgentFeePercentage
0.075 pure
CY2022 bwv Management Fee Percentage
ManagementFeePercentage
0.01 pure
CY2022 bwv Out Of Pocket Expenses
OutOfPocketExpenses
85000 usd
CY2022 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
220997 shares
CY2022 bwv Percentage Of Common Stock Shares
PercentageOfCommonStockShares
0.06 pure
CY2022 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
298346 shares
CY2022 bwv Warrants Issuable Shares
WarrantsIssuableShares
70849 shares
CY2022 bwv Percentage Subscription
PercentageSubscription
0.02 pure
CY2022 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
70849 shares
CY2022Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
8000 usd
CY2022 bwv Contigent Warrant Liability Description
ContigentWarrantLiabilityDescription
The remaining 227,497 August Contingent Warrants were measured as a liability upon the close of the August Private Placement.
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
39000 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
298346 shares
CY2022 us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
14000 usd
CY2022 bwv Conversion Price Per Shares
ConversionPricePerShares
1.52
CY2022 bwv Underwritten Public Offering Netting Proceeds
UnderwrittenPublicOfferingNettingProceeds
50000000 usd
CY2022 bwv Offering Price Percentage
OfferingPricePercentage
3 pure
CY2022 bwv Cumulative Dividends Per Share
CumulativeDividendsPerShare
0.08 pure
CY2021Q4 us-gaap Cumulative Dividends
CumulativeDividends
1489803 usd
CY2021Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.3
CY2022Q4 us-gaap Cumulative Dividends
CumulativeDividends
1586162 usd
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.38
CY2022Q1 us-gaap Shares Issued
SharesIssued
1600000 shares
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2600000 shares
CY2022 bwv Issuance Options
IssuanceOptions
1041894 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.4
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2.1 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
0.1 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
72223 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
32517 shares
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000 usd
CY2022 us-gaap Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod
P1Y10M20D
CY2022 us-gaap Lease Cost
LeaseCost
5500 usd
CY2022 bwv Rentals Deposit
RentalsDeposit
15000 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
0 usd
CY2021 us-gaap Payments For Rent
PaymentsForRent
0 usd
CY2022 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The Company entered into a month-to-month lease in Cincinnati, Ohio, with an unrelated party in April 2021 with monthly payments of approximately $500 per month.
CY2022 us-gaap Related Party Costs
RelatedPartyCosts
500 usd
CY2022Q2 us-gaap Short Term Lease Payments
ShortTermLeasePayments
14000 usd
CY2022 us-gaap Loss Contingency Date Of Dismissal
LossContingencyDateOfDismissal
2023-04-30
CY2022Q4 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
1000000 usd
CY2022Q4 us-gaap Legal Fees
LegalFees
50000 usd
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
93466 shares
CY2022Q4 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
111111 shares
CY2022Q4 us-gaap Commitments Fair Value Disclosure
CommitmentsFairValueDisclosure
264000 usd
CY2022Q4 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
1300000 usd
CY2022 bwv Royalty Payments Percentage
RoyaltyPaymentsPercentage
0.20 pure
CY2022 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
63000 usd
CY2021 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
435000 usd
CY2021 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
22000 usd
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
200000 usd
CY2022Q4 us-gaap Due From Related Parties
DueFromRelatedParties
36000 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
153000 usd
CY2021 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
140000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12500000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
12100000 usd
CY2022 us-gaap Federal State And Local Income Tax Expense Benefit Continuing Operations
FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperations
8500000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.80 pure
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
3700000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2986738 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1120155 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
885176 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
308552 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
106171 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
186573 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
55500 usd
CY2022Q4 bwv Deferred Tax Assets License Agreement
DeferredTaxAssetsLicenseAgreement
82626 usd
CY2021Q4 bwv Deferred Tax Assets License Agreement
DeferredTaxAssetsLicenseAgreement
59685 usd
CY2022Q4 bwv Deferred Tax Assets Other Accrued Expenses
DeferredTaxAssetsOtherAccruedExpenses
65886 usd
CY2021Q4 bwv Deferred Tax Assets Other Accrued Expenses
DeferredTaxAssetsOtherAccruedExpenses
14636 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4515551 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1356147 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4512546 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1353673 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3005 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2474 usd
CY2022Q4 bwv Deferred Tax Fixed Assets
DeferredTaxFixedAssets
3005 usd
CY2021Q4 bwv Deferred Tax Fixed Assets
DeferredTaxFixedAssets
2474 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3005 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2474 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3200000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2818164000000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-717640000000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-501277000000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-91233000000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-16477000000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
194705000000 usd
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
9501000000 usd
CY2022 bwv Effective Income Tax Rate Reconciliation Nondeductible Expense State Rate Adjustment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseStateRateAdjustment
19600000000 usd
CY2021 bwv Effective Income Tax Rate Reconciliation Nondeductible Expense State Rate Adjustment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseStateRateAdjustment
119414000000 usd
CY2022 bwv Others Accrued Liabilities Current
OthersAccruedLiabilitiesCurrent
-37260000000 usd
CY2021 bwv Others Accrued Liabilities Current
OthersAccruedLiabilitiesCurrent
4228000000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3158873000000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
675730000000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.50 pure
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
11517 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5493 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17010 usd
CY2022 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
17010 usd
CY2021 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 usd
CY2022 us-gaap Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
1 pure
CY2022Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
usd
CY2021Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q4 bwv Preferred Stock Value1
PreferredStockValue1
usd
CY2021Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
15400000 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
CY2021 us-gaap Other Operating Income
OtherOperatingIncome
usd
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.10
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12271449 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3200000 shares
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2021 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
usd
CY2022 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
usd
CY2021 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
usd
CY2021 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
usd
CY2021 bwv Recognition Of Contingent Warrant Liability Upon Issuance Of Common Stock In Private Placement
RecognitionOfContingentWarrantLiabilityUponIssuanceOfCommonStockInPrivatePlacement
usd
CY2021 bwv Incremental Fair Value Of Preferred Investment Options Exchanged With Private Placement
IncrementalFairValueOfPreferredInvestmentOptionsExchangedWithPrivatePlacement
usd
CY2021 bwv Payment Of Accrued Bonus Through Related Party Receivable
PaymentOfAccruedBonusThroughRelatedPartyReceivable
usd
CY2021 bwv Exercise Of Prefunded Warrants
ExerciseOfPrefundedWarrants
usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
usd
CY2022 bwv Series Seed Preferred Stock
SeriesSeedPreferredStock
shares
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
usd
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
usd
CY2022 bwv Income Tax Expense Provision For Income Taxes
IncomeTaxExpenseProvisionForIncomeTaxes
usd
CY2021 bwv Income Tax Expense Provision For Income Taxes
IncomeTaxExpenseProvisionForIncomeTaxes
usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001782107

Files In Submission

Name View Source Status
bwv-20221231_cal.xml Edgar Link unprocessable
0001213900-23-018635-index-headers.html Edgar Link pending
0001213900-23-018635-index.html Edgar Link pending
0001213900-23-018635.txt Edgar Link pending
0001213900-23-018635-xbrl.zip Edgar Link pending
bwv-20221231_lab.xml Edgar Link unprocessable
bwv-20221231.xsd Edgar Link pending
f10k2022ex23-1_bluewater.htm Edgar Link pending
f10k2022ex31-1_bluewater.htm Edgar Link pending
f10k2022ex31-2_bluewater.htm Edgar Link pending
f10k2022ex32-1_bluewater.htm Edgar Link pending
f10k2022ex32-2_bluewater.htm Edgar Link pending
f10k2022_bluewater.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
image_004.jpg Edgar Link pending
image_005.jpg Edgar Link pending
image_006.jpg Edgar Link pending
image_007.jpg Edgar Link pending
image_008.jpg Edgar Link pending
image_009.jpg Edgar Link pending
image_010.jpg Edgar Link pending
image_011.jpg Edgar Link pending
image_012.jpg Edgar Link pending
image_013.jpg Edgar Link pending
image_014.jpg Edgar Link pending
image_015.jpg Edgar Link pending
image_016.jpg Edgar Link pending
image_017.jpg Edgar Link pending
image_018.jpg Edgar Link pending
image_019.jpg Edgar Link pending
image_020.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
bwv-20221231_def.xml Edgar Link unprocessable
bwv-20221231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
f10k2022_bluewater_htm.xml Edgar Link completed
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending