2023 Q1 Form 10-K Financial Statement

#000121390023022813 Filed on March 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q3
Revenue $64.39K $18.03K $18.03K
YoY Change 257.12% 0.0% 0.0%
Cost Of Revenue $1.460K $1.460K $1.459K
YoY Change 0.0% 0.0% -0.07%
Gross Profit $16.57K $16.57K $16.57K
YoY Change -0.02% 0.0% -0.02%
Gross Profit Margin 25.73% 91.9% 91.88%
Selling, General & Admin $64.97K $1.039M $60.34K
YoY Change -82.61% 115.07% -85.28%
% of Gross Profit 392.16% 6269.4% 364.25%
Research & Development $202.9K $634.7K $375.8K
YoY Change 19.16% 33.35% 432.97%
% of Gross Profit 1224.88% 3830.3% 2268.47%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $820.1K $1.674M $965.7K
YoY Change 50.79% 74.51% 100.98%
Operating Profit -$803.5K -$1.657M -$949.2K
YoY Change 52.39% 75.82% 104.59%
Interest Expense $1.655K -$6.160K -$34.09K
YoY Change -101.03% -94.63% -100.49%
% of Operating Profit
Other Income/Expense, Net -$102.9K $280.00 -$34.09K
YoY Change -220.04%
Pretax Income -$906.4K -$1.663M -$983.2K
YoY Change 50.34% 57.31% -115.15%
Income Tax $906.4K $0.00
% Of Pretax Income
Net Earnings -$906.4K -$1.663M -$983.2K
YoY Change 50.05% 52.74% -115.4%
Net Earnings / Revenue -1407.71% -9222.57% -5453.39%
Basic Earnings Per Share -$0.29 -$0.49
Diluted Earnings Per Share -$0.29 -$0.52 -$0.49
COMMON SHARES
Basic Shares Outstanding 3.159M shares 3.139M shares 99.40M shares
Diluted Shares Outstanding 3.159M shares 2.001M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.68M $11.37M $12.33M
YoY Change 13.51% 10.85% 11.27%
Cash & Equivalents $4.666M $11.37M $12.25M
Short-Term Investments $6.017M $3.120K $77.94K
Other Short-Term Assets $204.4K $135.9K $581.4K
YoY Change -1.02% -6.49% 163.55%
Inventory
Prepaid Expenses $21.17K
Receivables
Other Receivables $60.00K $60.00K
Total Short-Term Assets $10.95M $11.57M $12.91M
YoY Change 13.89% 11.24% 14.25%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.118K $77.94K
YoY Change -99.26%
Other Assets $69.36K $70.82K $64.80K
YoY Change 97.05% 15.7% 130.44%
Total Long-Term Assets $69.36K $70.82K $137.1K
YoY Change -28.93% -19.4% 55.57%
TOTAL ASSETS
Total Short-Term Assets $10.95M $11.57M $12.91M
Total Long-Term Assets $69.36K $70.82K $137.1K
Total Assets $11.02M $11.64M $13.05M
YoY Change 13.46% 10.99% 14.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $660.3K $364.2K $223.7K
YoY Change 323.77% -12.85% 5.85%
Accrued Expenses $20.13K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $732.4K $436.3K $312.2K
YoY Change 150.17% -10.96% 10.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $847.8K $865.8K $883.8K
YoY Change -7.84% -7.69% -7.54%
Total Long-Term Liabilities $847.8K $865.8K $883.8K
YoY Change -7.84% -7.69% -7.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $732.4K $436.3K $312.2K
Total Long-Term Liabilities $847.8K $865.8K $883.8K
Total Liabilities $1.580M $1.302M $1.196M
YoY Change 30.31% -8.81% -3.49%
SHAREHOLDERS EQUITY
Retained Earnings -$8.078M -$7.171M -$5.508M
YoY Change 119.8%
Common Stock $316.00 $316.00 $314.00
YoY Change -96.8%
Preferred Stock $17.51M
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.444M $10.34M $11.85M
YoY Change
Total Liabilities & Shareholders Equity $11.02M $11.64M $13.05M
YoY Change 13.46% 10.99% 14.57%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$906.4K -$1.663M -$983.2K
YoY Change 50.05% 52.74% -115.4%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$692.7K -$886.0K -$1.422M
YoY Change -12.23% 14.49% 114.5%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$6.008M $0.00 $0.00
YoY Change -30141.7% -100.0% -100.0%
Cash From Investing Activities -$6.008M $0.00 $0.00
YoY Change -30141.7% -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 4.941M
YoY Change
NET CHANGE
Cash From Operating Activities -$692.7K -886.0K -1.422M
Cash From Investing Activities -$6.008M 0.000 0.000
Cash From Financing Activities 0.000 4.941M
Net Change In Cash -$6.701M -886.0K 3.519M
YoY Change 108.76% -42.42%
FREE CASH FLOW
Cash From Operating Activities -$692.7K -$886.0K -$1.422M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
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
001-41512
CY2022 dei Entity Registrant Name
EntityRegistrantName
SILO PHARMA, INC
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-3046338
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
560 Sylvan Avenue
CY2022 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 3160
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Englewood Cliffs
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
07632
CY2022 dei City Area Code
CityAreaCode
(718)
CY2022 dei Local Phone Number
LocalPhoneNumber
400-9031
CY2022 dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value per share
CY2022 dei Trading Symbol
TradingSymbol
SILO
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
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
10083771 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3158797 shares
CY2022 dei Auditor Firm
AuditorFirmId
106
CY2022 dei Auditor Name
AuditorName
Salberg & Company, P.A.
CY2022 dei Auditor Location
AuditorLocation
Boca Raton, Florida
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11367034 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9837001 usd
CY2022Q4 silo Equity Investments At Cost
EquityInvestmentsAtCost
3118 usd
CY2021Q4 silo Equity Investments At Cost
EquityInvestmentsAtCost
419995 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
135894 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
145324 usd
CY2022Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
6010 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
66010 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
11572056 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
10402320 usd
CY2021Q4 us-gaap Interest Receivable Noncurrent
InterestReceivableNoncurrent
1210 usd
CY2021Q4 silo Note Receivable Noncurrent Including Interest Receivable
NoteReceivableNoncurrentIncludingInterestReceivable
61210 usd
CY2022Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
70821 usd
CY2021Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
26659 usd
CY2022Q4 us-gaap Assets
Assets
11642877 usd
CY2021Q4 us-gaap Assets
Assets
10490189 usd
CY2022Q4 us-gaap Loans Payable Current
LoansPayableCurrent
364216 usd
CY2021Q4 us-gaap Loans Payable Current
LoansPayableCurrent
417937 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
72102 usd
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
72102 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
436318 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
490039 usd
CY2022Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
865782 usd
CY2021Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
937884 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
865782 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
937884 usd
CY2022Q4 us-gaap Liabilities
Liabilities
1302100 usd
CY2021Q4 us-gaap Liabilities
Liabilities
1427923 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3158797 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3158797 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1972739 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1972739 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
316 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
197 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
17511589 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
12324646 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7171128 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3262577 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
10340777 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
9062266 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11642877 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10490189 usd
CY2022 silo License Fees
LicenseFees
72102 usd
CY2021 silo License Fees
LicenseFees
71264 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
5838 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
5004 usd
CY2022 us-gaap Gross Profit
GrossProfit
66264 usd
CY2021 us-gaap Gross Profit
GrossProfit
66260 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
577651 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
395123 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
1496687 usd
CY2021 us-gaap Professional Fees
ProfessionalFees
1598367 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1286434 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
693910 usd
CY2022 us-gaap General Insurance Expense
GeneralInsuranceExpense
125889 usd
CY2021 us-gaap General Insurance Expense
GeneralInsuranceExpense
108750 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-20000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-148500 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
227259 usd
CY2021 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
162953 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
3693920 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
2810603 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-3627656 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-2744343 usd
CY2022 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
72637 usd
CY2021 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
1210 usd
CY2022 us-gaap Other Income
OtherIncome
85733 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
19082 usd
CY2022 us-gaap Interest Expense
InterestExpense
2199 usd
CY2021 us-gaap Interest Expense
InterestExpense
3036 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
-104700 usd
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
6660483 usd
CY2022 silo Unrealized Gain Loss On Equity Investments
UnrealizedGainLossOnEquityInvestments
-331203 usd
CY2021 silo Unrealized Gain Loss On Equity Investments
UnrealizedGainLossOnEquityInvestments
248588 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-279732 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6926327 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3907388 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4181984 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24876 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3907388 usd
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4157108 usd
CY2021 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
1553 usd
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-1163 usd
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-254920 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1163 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-253367 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-3908551 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3903741 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1403997 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3908551 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2499744 usd
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.71
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.45
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.71
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.43
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.13
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.13
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2284240 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1897315 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2284240 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1918444 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1280695 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
3794102 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
83728 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3903741 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
9062266 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4940948 usd
CY2022 silo Amortization Of Prepaid Stockbased Compensation
AmortizationOfPrepaidStockbasedCompensation
111014 usd
CY2022 silo Stock Issued During Period Value Common Shares Issued For Professional Fees
StockIssuedDuringPeriodValueCommonSharesIssuedForProfessionalFees
135100 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-3908551 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
10340777 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-3908551 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3903741 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-20000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-148500 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
156047 usd
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
83728 usd
CY2021 silo Amortization Of Prepaid Stockbased Expense
AmortizationOfPrepaidStockbasedExpense
107970 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-104700 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6660483 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-331203 usd
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
248588 usd
CY2022 silo Equity Shares Earned For Services
EquitySharesEarnedForServices
-85733 usd
CY2021 us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
19082 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1553 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-55335 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
38862 usd
CY2021 silo Increase Decrease In Assets Of Discontinued Operation
IncreaseDecreaseInAssetsOfDiscontinuedOperation
-24963 usd
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
4800 usd
CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1210 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-53721 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
291050 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-72102 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
478736 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3497622 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2278016 usd
CY2022 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
66707 usd
CY2021 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
7020526 usd
CY2021 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
7500 usd
CY2022 silo Collection On Note Receivable
CollectionOnNoteReceivable
20000 usd
CY2021 silo Collection On Note Receivable
CollectionOnNoteReceivable
164500 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
86707 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7192526 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
3794102 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4940948 usd
CY2021 silo Advance From A Related Party
AdvanceFromARelatedParty
2366 usd
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
2366 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4940948 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3794102 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1530033 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
8708612 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9837001 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1128389 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11367034 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9837001 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2199 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25159 usd
CY2021 silo Increase In Equity Investments Recorded As Deferred Revenue Pursuant To A Patent License Agree
IncreaseInEquityInvestmentsRecordedAsDeferredRevenuePursuantToAPatentLicenseAgree
531250 usd
CY2021 silo Note Receivable Issued In Connection With Asset Purchase Agreement
NoteReceivableIssuedInConnectionWithAssetPurchaseAgreement
60000 usd
CY2022 silo Common Stock Issued For Future Services
CommonStockIssuedForFutureServices
135100 usd
CY2021Q3 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
60000 usd
CY2021Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
60000 usd
CY2021Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2021Q3 us-gaap Investment Maturity Date
InvestmentMaturityDate
2023-10-01
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3908551 usd
CY2022 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
3497622 usd
CY2022Q4 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
7171128 usd
CY2022Q4 silo Working Capital
WorkingCapital
11135738 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><b>Use of Estimates</b></p><p style="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><b> </b></p><p style="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify">The preparation of consolidated 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 revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future events. Accordingly, the actual results could differ significantly from estimates. Significant estimates during the years ended December 31, 2022 and 2021 include the collectability of notes receivable, the percentage of completion of research and development projects, valuation of equity investments, estimates of the deemed dividend, valuation allowances for deferred tax assets, the fair value of warrants issued with debt and for services, and the fair value of shares and stock options issued for services and in settlements.</p><p style="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><b> </b></p>
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022Q4 silo Cash Spic Insured Amount
CashSPICInsuredAmount
250000 usd
CY2022 us-gaap Fdic Indemnification Asset Cash Payments Received
FDICIndemnificationAssetCashPaymentsReceived
10868000 usd
CY2021 us-gaap Fdic Indemnification Asset Cash Payments Received
FDICIndemnificationAssetCashPaymentsReceived
9100000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3908551 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
135894 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
145324 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
70821 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
26659 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2499744 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
24876 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1286434 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
693910 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
433429 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
368213 shares
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-3907388 usd
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
2753111 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1163 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-253367 usd
CY2022 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
2284447 shares
CY2021 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
1897315 shares
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.71
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.45
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.13
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-3907388 usd
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
2753111 usd
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-3036 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-3907388 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2750075 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1163 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-253367 usd
CY2022 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
-3908551 usd
CY2021 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
2496708 usd
CY2022 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
2284240 shares
CY2021 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
1897315 shares
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5996 shares
CY2021Q4 us-gaap Preferred Stock Capital Shares Reserved For Future Issuance
PreferredStockCapitalSharesReservedForFutureIssuance
15133 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2284240 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1918444 shares
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.71
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.43
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.13
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
419995 usd
CY2022 silo Additionsof Equity Securities
AdditionsofEquitySecurities
85733 usd
CY2021 silo Additionsof Equity Securities
AdditionsofEquitySecurities
531250 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
171407 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
359843 usd
CY2022 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-331203 usd
CY2021 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
248588 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
3118 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
419995 usd
CY2021 silo Net Realized Gainloss On Equity Investments
NetRealizedGainlossOnEquityInvestments
6660483 usd
CY2021Q3 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
60000 usd
CY2021Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
60000 usd
CY2021Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2021Q3 us-gaap Investment Maturity Date
InvestmentMaturityDate
2023-10-01
CY2022Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
60000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
6010 usd
CY2022 us-gaap Financing Receivables Before Allowance For Credit Loss Average Amount Outstanding
FinancingReceivablesBeforeAllowanceForCreditLossAverageAmountOutstanding
66010 usd
CY2021Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
60000 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
1210 usd
CY2021 us-gaap Financing Receivables Before Allowance For Credit Loss Average Amount Outstanding
FinancingReceivablesBeforeAllowanceForCreditLossAverageAmountOutstanding
61210 usd
CY2021Q3 us-gaap Inventory Net
InventoryNet
58447 usd
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
58447 usd
CY2021Q3 silo Net Asset Of Nfid Business Disposed
NetAssetOfNFIDBusinessDisposed
58447 usd
CY2021Q3 silo Consideration In The Form Of A Note Receivable
ConsiderationInTheFormOfANoteReceivable
60000 usd
CY2021Q3 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
1553 usd
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
119405 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
1079 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
103824 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
-1079 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
15581 usd
CY2022 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
84 usd
CY2021 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
270501 usd
CY2021 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
1553 usd
CY2022 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-1163 usd
CY2021 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-253367 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
60000 usd
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
220000 usd
CY2021Q4 silo Additional Notes Receivable In2021
AdditionalNotesReceivableIn2021
60000 usd
CY2021Q4 silo Collections On Notes Receivables
CollectionsOnNotesReceivables
164500 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
55500 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
60000 usd
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
60000 usd
CY2022Q4 silo Less Notes Receivable Net Current Portion
LessNotesReceivableNetCurrentPortion
-60000 usd
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
60000 usd
CY2018Q3 us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2020-09-27
CY2018Q4 silo Promissory Note Agreement
PromissoryNoteAgreement
50000 usd
CY2022Q4 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.10 pure
CY2022 us-gaap Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
0.18 pure
CY2020Q1 silo Received Shares
ReceivedShares
10420 shares
CY2020Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
196500 usd
CY2020Q4 silo Notes Receivable Net Amount
NotesReceivableNetAmount
23500 usd
CY2021Q2 silo Bad Debt Recovery Cash Payment
BadDebtRecoveryCashPayment
the Company and the investor, entered into a settlement agreement whereby both parties agreed to settle the remaining balance of this note receivable which was previously written off in year 2020 for a total settlement amount of $196,000 to be paid as follows; (i) an initial payment of $46,000 upon execution of the settlement agreement and (ii) $10,000 per month for fifteen months.
CY2021Q4 silo Notes Receivable Net Amount
NotesReceivableNetAmount
23500 usd
CY2021 silo Recovered Bad Debt
RecoveredBadDebt
141000 usd
CY2021 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Period Increase Decrease
LoansReceivableHeldForSaleReconciliationToCashFlowPeriodIncreaseDecrease
196500 usd
CY2022Q4 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
20000 usd
CY2022 silo Bad Debt Recovery Expense
BadDebtRecoveryExpense
20000 usd
CY2021 silo Bad Debt Recovery Expense
BadDebtRecoveryExpense
141000 usd
CY2022 silo Remains Collectible Settlement Agreement Amount Reserved
RemainsCollectibleSettlementAgreementAmountReserved
35500 usd
CY2021 silo Recovered Aggregate Bad Debt
RecoveredAggregateBadDebt
7500 usd
CY2021 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
7500 usd
CY2021Q3 silo Promissory Note
PromissoryNote
0.08 pure
CY2022Q3 us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2023-10-01
CY2021 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
60000 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
1210 usd
CY2021 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
61210 usd
CY2022 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
60000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
6010 usd
CY2022 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
66010 usd
CY2022Q4 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
505000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q1 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
4280 shares
CY2021Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
4049 shares
CY2022Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
227 shares
CY2022 silo Warrants Term
WarrantsTerm
P5Y
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
15
CY2022 us-gaap Preferred Stock Conversion Basis
PreferredStockConversionBasis
The Series C Convertible preferred stock and the February Warrants each contain a beneficial ownership limitation that restricts each of the investor’s ability to exercise the February Warrants and convert the Series C Convertible preferred stock such that the number of shares of the Company common stock held by each of them and their affiliates after such conversion or exercise does not exceed 4.99% (or, at the election of the Investor, 9.99%) of the Company’s then issued and outstanding shares of common stock. 
CY2022 silo Investor Invested Amount Percentage
InvestorInvestedAmountPercentage
0.50 pure
CY2022 us-gaap Construction Contractor Liquidity Characteristic
ConstructionContractorLiquidityCharacteristic
If the Company fails to file the Registration Statement or have it declared effective by the dates set forth above, amongst other things, the Company will be obligated to pay the investors damages in the amount of 1% of their subscription amount, per month, until such events are satisfied.
CY2022 silo Placement Agent Warrants Description
PlacementAgentWarrantsDescription
In addition, pursuant to the terms of the offering, the Company issued Bradley Woods & Co, Ltd. and Katalyst Securities LLC warrants (the “Placement Agent Warrants”) to purchase up to an aggregate of 57,013 shares of common stock, or 10% of the shares of common stock issuable upon conversion of the Series C Preferred Stock and February Warrant Shares sold in the offering. The Placement Agent Warrants are exercisable for a period of five years from the closing date of the offering at an exercise price of $17.50 per share, subject to adjustment.
CY2021Q2 silo Conversion Of Series C Convertible Preferred Stock Into Common Stock Description
ConversionOfSeriesCConvertiblePreferredStockIntoCommonStockDescription
the Company notified holders of its Series C Convertible Preferred Stock of its election to force the conversion to 4,049 shares of its Series C Convertible Preferred Stock into 269,900 shares of the Company’s common stock. As of December 31, 2021, there were 227 shares of the Company’s Series Convertible Preferred Stock issued and outstanding
CY2022Q3 silo Public Offering Shares
PublicOfferingShares
1000000 shares
CY2022Q3 silo Public Offering Price Per Share
PublicOfferingPricePerShare
5
CY2022Q3 silo Purchase Of Additional Shares
PurchaseOfAdditionalShares
150000 shares
CY2022Q3 silo Purchase Of Additional Shares
PurchaseOfAdditionalShares
150000 shares
CY2022Q3 us-gaap Initial Offering Period
InitialOfferingPeriod
the Company closed the Offering and issued the Shares for aggregate net proceeds of $4,940,948, after deducting underwriting discounts and commissions and offering expenses. The Company intends to use the net proceeds from the offering for research and development activities, sales and marketing, general working capital purposes, potential acquisitions of other companies, products or technologies, and to repay certain indebtedness. Concurrently with the closing of the Offering, the Company also issued warrants to purchase an aggregate of up to 57,500 shares of its common stock to the representative of the Underwriters or its designees, at an exercise price of $6.25 per share (the “Representative’s Warrants”). The Representative’s Warrants are exercisable beginning on March 25, 2023, and expire on September 26, 2027, pursuant to the terms and conditions of the Representative’s Warrants.
CY2022Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
20000 shares
CY2022Q3 us-gaap Common Stocks Including Additional Paid In Capital
CommonStocksIncludingAdditionalPaidInCapital
135100 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
6.755
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
45033 usd
CY2022 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
90067 usd
CY2021Q4 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2026-12-26
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
pursuant to an Employment Agreement (see Note 9), an aggregate of 16,000 incentive stock options were issued under the 2020 Plan, to Dr. Kou, exercisable at $10.00 per share and expires on January 31, 2032. The stock options vest as follows: (i) 6,000 stock options upon issuance; (ii) 5,000 vests on October 31, 2022 and; (iii) 5,000 vests on October 31, 2023.
CY2021Q1 silo Purchase Agreements Description
PurchaseAgreementsDescription
the Company entered into pursuant to securities purchase agreements with certain investors pursuant to which it sold warrants to purchase up to 285,067 shares of the Company’s common stock and 4,276 shares of the Company’s Series C Convertible preferred stock. The February Warrants are exercisable for a period of five years from the date of issuance at an exercise price of $15.00 per share, subject to adjustment. If, after a period of 180 days after the date of issuance of the February Warrants, a registration statement covering the resale of the February Warrant Shares is not effective, the holders may exercise the February Warrants by means of a cashless exercise. In addition, pursuant to the terms of the offering, the Company issued the Placement Agent Warrants to purchase up to an aggregate of 57,013 shares of common stock to its placement agents, or 10% of the shares of common stock issuable upon conversion of the Series C preferred stock and February Warrant Shares sold in the offering. The Placement Agent Warrants are exercisable for a period of five years from the closing date of the offering at an exercise price of $17.50 per share, subject to adjustment (see Series C Convertible Preferred Stock Financing above). Such warrants issued to various investors and to the placement agents were recorded as additional paid in capital with an offsetting debit applied against additional paid in capital, thus these warrants have no further accounting effect within the equity section.
CY2022Q3 us-gaap Initial Offering Period
InitialOfferingPeriod
concurrently with the closing of the Offering as discussed above, the Company also issued warrants to purchase an aggregate of up to 57,500 shares of its common stock to the representative of the Underwriters or its designees, at an exercise price of $6.25 per share (the “Representative’s Warrants”). The Representative’s Warrants are exercisable beginning on March 25, 2023, and expire on September 26, 2027, pursuant to the terms and conditions of the Representative’s Warrants.
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-820796 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
819786 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-254056 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
253743 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
133994 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-20893 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
940858 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1027760 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24876 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1550388 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
609530 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1550388 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
609530 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1550388 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
609530 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
5638000 usd
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
5638000 usd
CY2022Q4 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
1 pure
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
940858 usd
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
152619 shares
CY2022Q4 us-gaap Officers Compensation
OfficersCompensation
350000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
100000 usd
CY2022Q3 us-gaap Loans Payable
LoansPayable
42000 usd
CY2022Q3 us-gaap Officers Compensation
OfficersCompensation
60000 usd
CY2022Q1 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
30000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
16000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10
CY2022Q1 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2032-01-31
CY2022Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
6000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
5000 shares
CY2020Q3 silo License Fee
LicenseFee
10000 usd
CY2021Q1 silo License Fee
LicenseFee
10000 usd
CY2022 silo Commercial Sale Term
CommercialSaleTerm
P10Y
CY2022 silo License Agreement Expire
LicenseAgreementExpire
P15Y
CY2022 silo Sublicense Income Receivable Percentage
SublicenseIncomeReceivablePercentage
0.15 pure
CY2022 us-gaap Payments For Fees
PaymentsForFees
75000 usd
CY2022 silo Due To Related Partie Current
DueToRelatedPartieCurrent
25000 usd
CY2022Q1 us-gaap Fees Paid On Acceptances Resold
FeesPaidOnAcceptancesResold
50000 usd
CY2021Q1 silo License Fee
LicenseFee
25000 usd
CY2022Q1 silo License Fee
LicenseFee
50000 usd
CY2022Q1 us-gaap Long Term Debt Term
LongTermDebtTerm
P15Y
CY2022 silo Schedule Of Milestone Payments
ScheduleOfMilestonePayments
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; border-bottom: Black 1.5pt solid">Milestone</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Payment</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left">Filing of an Investigational New Drug (or any foreign equivalent) for a Licensed Product</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">50,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Dosing of first patient in a Phase 1 Clinical Trial of a Licensed Product</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">100,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Dosing of first patient in a Phase 2 Clinical Trial of a Licensed Product</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">250,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Receipt of New Drug Application (“NDA”) (or foreign equivalent) approval for a Licensed Product</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">500,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Achievement of First Commercial Sale of Licensed Product</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,000,000</td><td style="text-align: left"> </td></tr> </table><p style="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"> </p>
CY2022 silo Sales Of Licensed Products Percentage
SalesOfLicensedProductsPercentage
0.05 pure
CY2022 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
50000000 usd
CY2022 silo Schedule Of Umb Minimum Royalty Payments
ScheduleOfUMBMinimumRoyaltyPayments
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Years</b></span></td> <td> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Minimum <br/> Annual <br/> Royalty</b></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 89%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior to First Commercial Sale</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: hidden-fact-139; font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</span></td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; "> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Year of First Commercial Sale</span></td> <td> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-140; font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">First calendar year following the First Commercial Sale</span></td> <td> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">25,000</span></td> <td> </td></tr> <tr style="vertical-align: bottom; "> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Second calendar year following the First Commercial Sale</span></td> <td> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">25,000</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Third calendar year following the First Commercial Sale</span></td> <td> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100,000</span></td> <td> </td></tr> </table><p style="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"> </p>
CY2022 silo License Fee
LicenseFee
828 usd
CY2021 silo License Fee
LicenseFee
628 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
838 usd
CY2021Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
11034 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
838 usd
CY2022Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
10196 usd
CY2022 silo Nonrefundable Cash Payment
NonrefundableCashPayment
500000 usd
CY2022 silo Net Sale Percentage
NetSalePercentage
0.02 pure
CY2022 silo Licensor Share
LicensorShare
500 shares
CY2022 silo Aggregate Of Converted Shares
AggregateOfConvertedShares
625000 shares
CY2021Q1 silo Aggregate Of Converted Shares
AggregateOfConvertedShares
625000 shares
CY2021Q1 silo Licensor Share
LicensorShare
500 shares
CY2021Q1 silo Nonrefundable Cash Payment
NonrefundableCashPayment
500000 usd
CY2021Q1 silo Revenue Term
RevenueTerm
P15Y
CY2021 silo Number Of Voting Shares
NumberOfVotingShares
20000 shares
CY2021Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
1000 usd
CY2021 us-gaap Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
0.8
CY2021Q2 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
625000 shares
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.85
CY2021Q2 silo Trading Price
TradingPrice
531250 usd
CY2021Q2 us-gaap Equity Method Investments
EquityMethodInvestments
531250 usd
CY2021Q2 us-gaap Deferred Revenue
DeferredRevenue
531250 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
1031250 usd
CY2022Q4 silo Cash Received
CashReceived
500000 usd
CY2022Q4 silo Securities Received
SecuritiesReceived
531250 usd
CY2022 silo Revenue Term
RevenueTerm
P15Y
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
68750 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
68750 usd
CY2021 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
68750 usd
CY2021 silo Deferred Revenue Longterm Portion Amounted
DeferredRevenueLongtermPortionAmounted
893750 usd
CY2022 silo Consideration Fee Payable Percentage
ConsiderationFeePayablePercentage
1.10 pure
CY2022 silo Upfront License Fees
UpfrontLicenseFees
50000 usd
CY2022 silo First Commercial Sale
FirstCommercialSale
P10Y
CY2022 silo Agreement Shall Expire
AgreementShallExpire
P15Y
CY2021Q2 silo Upfront License Fees
UpfrontLicenseFees
50000 usd
CY2022 silo Recognized Revenues
RecognizedRevenues
3352 usd
CY2022 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
3352 usd
CY2022 silo Deferred Revenue Longterm Portion Amounted
DeferredRevenueLongtermPortionAmounted
40782 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
81474 usd
CY2022 silo Sponsored Study Agreement
SponsoredStudyAgreement
40737 usd
CY2021Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
40737 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
40737 usd
CY2021Q2 silo Sublicense Amount Paid
SublicenseAmountPaid
342850 usd
CY2022 silo Schedule Of Shall Pay Umb
ScheduleOfShallPayUMB
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Payment</b></span></td> <td> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 3%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">92,095</span></td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 83%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon execution of the July 2021 Sponsored Research Agreement</span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</span></td> <td> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">92,095</span></td> <td> </td> <td> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Six months after the start of project work as outlined in the July 2021 Sponsored Research Agreement</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</span></td> <td> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">92,095</span></td> <td> </td> <td> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon completion of the project work as outlined in the July 2021 Sponsored Research Agreement</span></td></tr> </table><p style="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"> </p>
CY2021Q3 us-gaap Short Term Lease Payments
ShortTermLeasePayments
92095 usd
CY2022Q3 us-gaap Short Term Lease Payments
ShortTermLeasePayments
92095 usd
CY2022Q4 silo Accounts Payable Related Partie Current
AccountsPayableRelatedPartieCurrent
92095 usd
CY2022Q4 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
143607 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
71804 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.70 pure
CY2022Q4 us-gaap Legal Fees
LegalFees
41306 usd
CY2022Q4 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
21172 usd
CY2022 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
33252 usd
CY2022Q4 silo Operating Leases Future Minimum Payment Due In Two Years
OperatingLeasesFutureMinimumPaymentDueInTwoYears
898967 usd
CY2022Q4 silo Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
898967 usd
CY2022 silo Payment Of University
PaymentOfUniversity
5000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
25000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5000 usd
CY2021Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
usd
CY2022Q4 silo Note Receivable Noncurrent Including Interest Receivable
NoteReceivableNoncurrentIncludingInterestReceivable
usd
CY2022Q4 silo Convertible Preferred Stock Value Issued2
ConvertiblePreferredStockValueIssued2
usd
CY2021Q4 silo Convertible Preferred Stock Value Issued2
ConvertiblePreferredStockValueIssued2
usd
CY2022Q4 silo Convertible Preferred Stock Value Issued
ConvertiblePreferredStockValueIssued
usd
CY2021Q4 silo Convertible Preferred Stock Value Issued
ConvertiblePreferredStockValueIssued
usd
CY2022Q4 silo Convertible Preferred Stock Value Issued1
ConvertiblePreferredStockValueIssued1
usd
CY2021Q4 silo Convertible Preferred Stock Value Issued1
ConvertiblePreferredStockValueIssued1
usd
CY2021 us-gaap Other Income
OtherIncome
usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2022 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
usd
CY2021 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
usd
CY2021 silo Common Stock Issued For Conversion Of Series C Preferred Stock
CommonStockIssuedForConversionOfSeriesCPreferredStock
usd
CY2022 silo Common Stock Issued For Conversion Of Series C Preferred Stock
CommonStockIssuedForConversionOfSeriesCPreferredStock
usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2022 silo Amortization Of Prepaid Stockbased Expense
AmortizationOfPrepaidStockbasedExpense
usd
CY2021 silo Equity Shares Earned For Services
EquitySharesEarnedForServices
usd
CY2022 us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
usd
CY2022 silo Increase Decrease In Assets Of Discontinued Operation
IncreaseDecreaseInAssetsOfDiscontinuedOperation
usd
CY2022 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2022 silo Advance From A Related Party
AdvanceFromARelatedParty
usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2022 silo Increase In Equity Investments Recorded As Deferred Revenue Pursuant To A Patent License Agree
IncreaseInEquityInvestmentsRecordedAsDeferredRevenuePursuantToAPatentLicenseAgree
usd
CY2022 silo Note Receivable Issued In Connection With Asset Purchase Agreement
NoteReceivableIssuedInConnectionWithAssetPurchaseAgreement
usd
CY2021 silo Common Stock Issued For Future Services
CommonStockIssuedForFutureServices
usd
CY2022 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
usd
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2022Q4 us-gaap Preferred Stock Capital Shares Reserved For Future Issuance
PreferredStockCapitalSharesReservedForFutureIssuance
shares
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
usd
CY2021Q3 silo Finance Lease Liabilities
FinanceLeaseLiabilities
usd
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
usd
CY2022 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
usd
CY2022Q4 silo Additional Notes Receivable In2021
AdditionalNotesReceivableIn2021
usd
CY2022Q4 silo Collections On Notes Receivables
CollectionsOnNotesReceivables
usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
usd
CY2021Q4 silo Less Notes Receivable Net Current Portion
LessNotesReceivableNetCurrentPortion
usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001514183
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false

Files In Submission

Name View Source Status
0001213900-23-022813-index-headers.html Edgar Link pending
0001213900-23-022813-index.html Edgar Link pending
0001213900-23-022813.txt Edgar Link pending
0001213900-23-022813-xbrl.zip Edgar Link pending
f10k2022ex21-1_silopharma.htm Edgar Link pending
f10k2022ex31-1_silopharma.htm Edgar Link pending
f10k2022ex31-2_silopharma.htm Edgar Link pending
f10k2022ex32-1_silopharma.htm Edgar Link pending
f10k2022ex4-1_silopharma.htm Edgar Link pending
f10k2022_silopharma.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.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
R25.htm Edgar Link pending
R26.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
f10k2022_silopharma_htm.xml Edgar Link completed
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
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.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
silo-20221231.xsd Edgar Link pending
silo-20221231_cal.xml Edgar Link unprocessable
silo-20221231_def.xml Edgar Link unprocessable
silo-20221231_lab.xml Edgar Link unprocessable
silo-20221231_pre.xml Edgar Link unprocessable