2024 Q4 Form 10-Q Financial Statement

#000149315224045176 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $458.8K
YoY Change 201.02%
% of Gross Profit
Research & Development $1.401M $1.140M
YoY Change 22.82% 70.44%
% of Gross Profit
Depreciation & Amortization $4.830K
YoY Change 205.7%
% of Gross Profit
Operating Expenses $3.052M $1.599M
YoY Change 90.82% 94.67%
Operating Profit -$3.052M -$1.599M
YoY Change 90.82% 94.67%
Interest Expense -$150.2K
YoY Change -70.3%
% of Operating Profit
Other Income/Expense, Net -$732.5K -$193.6K
YoY Change 278.35% 9.41%
Pretax Income -$1.775M
YoY Change 77.81%
Income Tax
% Of Pretax Income
Net Earnings -$3.784M -$1.793M
YoY Change 111.08% 79.56%
Net Earnings / Revenue
Basic Earnings Per Share -$1.59 -$0.11
Diluted Earnings Per Share -$1.59 -$0.11
COMMON SHARES
Basic Shares Outstanding 3.665M shares 2.227M shares 15.73M shares
Diluted Shares Outstanding 2.384M shares 1.970M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.807M
YoY Change -25.37%
Cash & Equivalents $156.7K $3.886M
Short-Term Investments $2.921M
Other Short-Term Assets $6.480K
YoY Change -96.03%
Inventory
Prepaid Expenses $103.0K $170.1K
Receivables $12.44K
Other Receivables $0.00
Total Short-Term Assets $361.4K $6.996M
YoY Change -94.83% -24.69%
LONG-TERM ASSETS
Property, Plant & Equipment $21.16K $26.81K
YoY Change -21.07% 90.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $312.2K $380.2K
YoY Change -17.88% 310.9%
TOTAL ASSETS
Total Short-Term Assets $361.4K $6.996M
Total Long-Term Assets $312.2K $380.2K
Total Assets $673.6K $7.376M
YoY Change -90.87% -21.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $180.0K
YoY Change 67.99%
Accrued Expenses $167.6K
YoY Change -5.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change -100.0%
Long-Term Debt Due $462.8K
YoY Change
Total Short-Term Liabilities $1.659M $810.4K
YoY Change 104.73% -16.49%
LONG-TERM LIABILITIES
Long-Term Debt $134.4K
YoY Change
Other Long-Term Liabilities $821.3K
YoY Change 12212.59%
Total Long-Term Liabilities $955.6K
YoY Change 14227.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.659M $810.4K
Total Long-Term Liabilities $955.6K
Total Liabilities $1.989M $1.766M
YoY Change 12.62% 80.74%
SHAREHOLDERS EQUITY
Retained Earnings -$32.98M -$13.85M
YoY Change 138.17% 70.03%
Common Stock $29.00 $160.00
YoY Change -81.88% -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.315M $5.610M
YoY Change
Total Liabilities & Shareholders Equity $673.6K $7.376M
YoY Change -90.87% -21.38%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$3.784M -$1.793M
YoY Change 111.08% 79.56%
Depreciation, Depletion And Amortization $4.830K
YoY Change 205.7%
Cash From Operating Activities -$1.539M
YoY Change 46.49%
INVESTING ACTIVITIES
Capital Expenditures $19.05K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$7.710K
YoY Change
Cash From Investing Activities -$26.76K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.530K
YoY Change -99.96%
NET CHANGE
Cash From Operating Activities -1.539M
Cash From Investing Activities -26.76K
Cash From Financing Activities 4.530K
Net Change In Cash -1.561M
YoY Change -117.21%
FREE CASH FLOW
Cash From Operating Activities -$1.539M
Capital Expenditures $19.05K
Free Cash Flow -$1.558M
YoY Change 48.3%

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us-gaap Depreciation
Depreciation
3667 usd
us-gaap Depreciation
Depreciation
4828 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
340405 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2118175 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1079444 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1654724 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
100118 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1744 usd
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
-71568 usd
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
21134 usd
SHPH Accrued Interest Settled With Common Stock
AccruedInterestSettledWithCommonStock
54670 usd
SHPH Accrued Interest Settled With Common Stock
AccruedInterestSettledWithCommonStock
294927 usd
SHPH Loss On Settlement Of Convertible Debt
LossOnSettlementOfConvertibleDebt
833501 usd
SHPH Loss On Settlement Of Convertible Debt
LossOnSettlementOfConvertibleDebt
477221 usd
us-gaap Share Based Compensation
ShareBasedCompensation
227886 usd
us-gaap Share Based Compensation
ShareBasedCompensation
95438 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-14897 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
12435 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-11433 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
8956 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1065584 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
63255 usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-446 usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-12500 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-15056 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
106578 usd
SHPH Increase Decrease In Accrued Interest Payable Related Parties
IncreaseDecreaseInAccruedInterestPayableRelatedParties
2137 usd
SHPH Increase Decrease In Accrued Interest Payable Related Parties
IncreaseDecreaseInAccruedInterestPayableRelatedParties
-98135 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
498 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
9358 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4637068 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4518973 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
43587 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2977714 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
2959352 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
80000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19046 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2915765 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2916760 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
250000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
685473 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
3935000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
345000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
101651 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
846806 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-698457 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2904527 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2419760 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4531206 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2576416 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8417203 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
156656 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3885997 usd
us-gaap Interest Paid Net
InterestPaidNet
79682 usd
us-gaap Interest Paid Net
InterestPaidNet
102373 usd
SHPH Common Stock Issued For Settlement Of Debt
CommonStockIssuedForSettlementOfDebt
1947294 usd
SHPH Common Stock Issued For Settlement Of Debt
CommonStockIssuedForSettlementOfDebt
2697849 usd
SHPH Warrants Issuance Fees
WarrantsIssuanceFees
0 usd
SHPH Warrants Issuance Fees
WarrantsIssuanceFees
8727 usd
SHPH Warrants Issued For Financing Fees
WarrantsIssuedForFinancingFees
90816 usd
SHPH Initial Recognition Of Right Of Use Asset And Liability
InitialRecognitionOfRightOfUseAssetAndLiability
365556 usd
us-gaap Net Income Loss
NetIncomeLoss
-7500000 usd
SHPH Working Capital
WorkingCapital
1300000 usd
CY2024Q3 us-gaap Share Price
SharePrice
1.00
CY2024Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-8
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_846_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z4BTsd2pIMKe" 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"><b><i><span id="xdx_86B_zE8yFyQyyGxf">Correction of an Immaterial Error in the Prior Period Financial Statements</span></i></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"> </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">During the fourth quarter of 2023, the Company determined that the prior year consolidated financial statements had a misstatement caused by an immaterial classification error of certain research and development expenses in accordance with Accounting Standards Codification (“ASC”) 730. As a result, certain prior year amounts have been corrected for consistency with the current year presentation. The Company assessed the materiality of this change in presentation on prior period consolidated financial statements in accordance with SEC Staff Accounting Bulletin No. 99, “Materiality,” (ASC Topic 250, Accounting Changes and Error Corrections). Based on this assessment, the Company concluded that these error corrections in its unaudited condensed consolidated statements of operations are not material to any previously presented financial statements based upon overall considerations of both quantitative and qualitative factors. The corrections had no impact on the unaudited condensed consolidated balance sheet, unaudited condensed consolidated statements of cash flows, or unaudited condensed consolidated statement of changes in stockholders’ equity, to these financial statements, or for any previously presented interim or annual financial statements. Further, the corrections did not result in a change in quarterly or year-to-date operating losses, basic or diluted earnings per share, or working capital. The quarterly correction required for the three and nine months ended September 30, 2023 was $<span id="xdx_901_eus-gaap--GeneralAndAdministrativeExpense_c20240701__20240930__srt--RestatementAxis__srt--RevisionOfPriorPeriodErrorCorrectionAdjustmentMember_z6lhCptcdRek" title="General and administrative expense">95,129</span> and $<span id="xdx_90D_eus-gaap--GeneralAndAdministrativeExpense_c20240101__20240930__srt--RestatementAxis__srt--RevisionOfPriorPeriodErrorCorrectionAdjustmentMember_z8fii4jN2L3c" title="General and administrative expense">277,844</span>, respectively. Accordingly, the Company corrected the previously reported immaterial error for the three and nine months ended September 30, 2023 in this Quarterly Report on Form 10-Q.</span></p> <p id="xdx_896_eus-gaap--ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock_z9tVva8hTmMj" 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"> </span><span id="xdx_8B6_z4EiZ6rbAhkg" style="display: none">Schedule of the Error Correction</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20230101__20230930__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zxwrWghFyWDe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_49D_20230101__20230930__srt--RestatementAxis__srt--RevisionOfPriorPeriodErrorCorrectionAdjustmentMember_zZXABwLusoW8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Correction</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" id="xdx_493_20230101__20230930_zQLqKoHf4zf4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Corrected <br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eus-gaap--ResearchAndDevelopmentExpense_zPh05ROzFrUk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 46%; text-align: left">Research and development expense</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">3,084,488</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">(277,844</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">2,806,644</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--GeneralAndAdministrativeExpense_za7WGaeI3Jea" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General and administrative expense</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">452,342</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">277,844</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">730,186</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--ProfitLoss_zrkZIMvQIq46" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Net Loss</td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,536,830</td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0704">-</span></td><td style="text-align: left"> </td><td> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3,536,830</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8A7_zZXFZiliGROk" 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"> </span></p>
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2806644 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
730186 usd
us-gaap Profit Loss
ProfitLoss
3536830 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_z4QhNJmGARt" 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"><b><i><span id="xdx_86B_zG7h4Bv69FJ">Use of Estimates</span></i></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"> </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">The preparation of unaudited condensed consolidated financial statements in conformity with 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 unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes 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 accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Significant estimates are contained in the accompanying unaudited condensed consolidated financial statements for the recognition of research and development expenses, valuation of warrants and valuation of bifurcated derivative liabilities and other financial instruments.</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"> </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"> </span></p>
CY2024Q3 us-gaap Cash
Cash
155652 usd
CY2023Q4 us-gaap Cash
Cash
1550098 usd
CY2024Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1004 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1026318 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
156656 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2576416 usd
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
0 usd
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
2900000 usd
CY2024Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2524 usd
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
20765 usd
CY2024Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
56398 usd
CY2024Q3 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-42898 usd
CY2023Q3 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
9606 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
38135 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
56720 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
100118 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1744 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-71568 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
21134 usd
CY2024Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
74107 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2887215 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
414512 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
225338 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
342735 shares
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
6480 usd
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2023-10-31
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
22947 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
40491 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
68841 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
83230 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
10440 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
10408 usd
us-gaap Variable Lease Cost
VariableLeaseCost
30817 usd
us-gaap Variable Lease Cost
VariableLeaseCost
13723 usd
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
2163 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
2135 usd
us-gaap Sublease Income
SubleaseIncome
6489 usd
us-gaap Sublease Income
SubleaseIncome
6377 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
31224 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
48764 usd
us-gaap Lease Cost
LeaseCost
93169 usd
us-gaap Lease Cost
LeaseCost
90576 usd
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
23156 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
31113 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
68345 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
73884 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
365556 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M1D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M1D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1048 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1048 pure
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
23156 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
94247 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
97074 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
99986 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
68235 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
382698 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
68441 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
314257 usd
us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
In December of 2021, the maturity dates of these loans were further extended to June 30, 2022. In July of 2022, the notes were extended to June 30, 2023.
CY2024Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
10000000.0 usd
CY2024Q3 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
345139 usd
CY2024Q3 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
22724 usd
CY2024Q3 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
367863 usd
us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
846806 usd
us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
79682 usd
us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
926488 usd
CY2024Q3 us-gaap Debt Securities Gain Loss
DebtSecuritiesGainLoss
762186 usd
us-gaap Debt Securities Gain Loss
DebtSecuritiesGainLoss
833501 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
623465 usd
us-gaap Interest Expense
InterestExpense
1952147 usd
CY2023Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
538302 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
1550479 usd
CY2023Q3 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
331800 usd
us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
1925700 usd
CY2023Q3 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
54096 usd
us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
294927 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.93
CY2023Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
127260 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.93
CY2024Q3 SHPH Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingIntrinsicValue
0 usd
CY2024Q1 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
2250000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
(i) one share of the Company’s common stock, (ii) a warrant to purchase one share of the Company’s common stock exercisable at a purchase price of $18.80 per share, and (iii) a percentage of equity interest in Diagnostics such that, assuming the sale of all $2,250,000 of Units, SRO LLC will own a 22% interest in Diagnostics.
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4500000 usd
CY2024Q1 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
2250000 usd
CY2024Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
142000 usd
CY2024Q3 us-gaap Deferred Costs Current
DeferredCostsCurrent
101651 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
127260 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.93
CY2023Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1189000 usd
CY2024Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
74107 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
2631000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
74107 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
0 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
1058348 usd

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