2023 Q4 Form 10-Q Financial Statement

#000121390023088610 Filed on November 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $42.71K $51.19K $558.5K
YoY Change -91.65% -90.84%
Cost Of Revenue $146.3K $71.20K $308.0K
YoY Change -66.17% -76.89%
Gross Profit -$103.6K -$20.01K $250.5K
YoY Change -231.34% -107.99%
Gross Profit Margin -242.45% -39.09% 44.85%
Selling, General & Admin $1.690M $1.314M $839.2K
YoY Change 29.66% 56.54%
% of Gross Profit 334.97%
Research & Development $100.2K $263.7K $477.1K
YoY Change -80.93% -44.73%
% of Gross Profit 190.45%
Depreciation & Amortization $10.42K $5.485K $23.53K
YoY Change 12.77% -76.69%
% of Gross Profit 9.39%
Operating Expenses $1.791M $1.577M $1.316M
YoY Change -2.11% 19.83%
Operating Profit -$1.894M -$1.522M -$1.066M
YoY Change 8.21% 42.79%
Interest Expense -$138.1K $40.11K -$3.163M
YoY Change -96.94% -101.27%
% of Operating Profit
Other Income/Expense, Net -$13.95K -$70.49K -$29.81K
YoY Change -67.74% 136.46%
Pretax Income -$2.046M $4.174M -$4.259M
YoY Change -66.88% -198.0%
Income Tax $60.00 $63.00 $750.00
% Of Pretax Income 0.0%
Net Earnings -$2.131M $4.183M -$4.258M
YoY Change -65.52% -198.24%
Net Earnings / Revenue -4990.54% 8172.22% -762.39%
Basic Earnings Per Share $0.77 -$0.61
Diluted Earnings Per Share -$0.37 $0.77 -$0.76
COMMON SHARES
Basic Shares Outstanding 5.800M shares 5.800M shares 2.386M shares
Diluted Shares Outstanding 5.319M shares 2.386M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.142M $2.219M $439.4K
YoY Change 708.88% 404.91%
Cash & Equivalents $2.142M $2.219M $439.4K
Short-Term Investments
Other Short-Term Assets $4.403M $5.940M $161.8K
YoY Change 1533.01% 3572.06%
Inventory $466.2K $598.3K $725.5K
Prepaid Expenses
Receivables $231.3K $138.0K $195.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.243M $8.895M $1.522M
YoY Change 559.02% 484.55%
LONG-TERM ASSETS
Property, Plant & Equipment $71.28K $3.836K $53.02K
YoY Change 109.96% -92.76%
Goodwill
YoY Change
Intangibles $227.3K $225.0K
YoY Change 38.36%
Long-Term Investments
YoY Change
Other Assets $242.7K $6.030K
YoY Change
Total Long-Term Assets $541.2K $255.4K $167.0K
YoY Change 173.03% 52.95%
TOTAL ASSETS
Total Short-Term Assets $7.243M $8.895M $1.522M
Total Long-Term Assets $541.2K $255.4K $167.0K
Total Assets $7.784M $9.150M $1.689M
YoY Change 500.04% 441.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $506.2K $271.6K $454.1K
YoY Change -33.28% -40.19%
Accrued Expenses $13.65K $26.80K $33.83K
YoY Change 5.0% -20.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.770K $8.770K
YoY Change -99.96%
Total Short-Term Liabilities $2.835M $2.481M $2.085M
YoY Change -88.15% 18.99%
LONG-TERM LIABILITIES
Long-Term Debt $150.3K $21.50M
YoY Change -88.17%
Other Long-Term Liabilities $0.00 $0.00 $353.9K
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $150.3K $152.6K $21.85M
YoY Change -90.15% -99.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.835M $2.481M $2.085M
Total Long-Term Liabilities $150.3K $152.6K $21.85M
Total Liabilities $2.914M $2.634M $23.36M
YoY Change -88.29% -88.72%
SHAREHOLDERS EQUITY
Retained Earnings -$32.58M -$30.57M
YoY Change 13.07%
Common Stock $581.00 $580.00
YoY Change 143.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.870M $6.554M -$21.67M
YoY Change
Total Liabilities & Shareholders Equity $7.784M $9.150M $1.689M
YoY Change 500.04% 441.87%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$2.131M $4.183M -$4.258M
YoY Change -65.52% -198.24%
Depreciation, Depletion And Amortization $10.42K $5.485K $23.53K
YoY Change 12.77% -76.69%
Cash From Operating Activities -$63.67K -$3.753M -$944.0K
YoY Change -3.5% 297.57%
INVESTING ACTIVITIES
Capital Expenditures $66.56K $27.91K $1.490K
YoY Change 13.51% 1773.15%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$66.56K -$27.91K -$1.490K
YoY Change 13.51% 1773.15%
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 5.971M 1.290M
YoY Change -100.0% 362.75%
NET CHANGE
Cash From Operating Activities -63.67K -3.753M -944.0K
Cash From Investing Activities -66.56K -27.91K -1.490K
Cash From Financing Activities 0.000 5.971M 1.290M
Net Change In Cash -130.2K 2.190M 344.9K
YoY Change -32.61% 535.1%
FREE CASH FLOW
Cash From Operating Activities -$63.67K -$3.753M -$944.0K
Capital Expenditures $66.56K $27.91K $1.490K
Free Cash Flow -$130.2K -$3.781M -$945.5K
YoY Change 4.5% 299.9%

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us-gaap Comprehensive Income Net Of Tax
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us-gaap Preferred Stock Dividends And Other Adjustments
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Profit Loss
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CY2022Q3 us-gaap Profit Loss
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Stock Issued During Period Value New Issues
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Profit Loss
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q3 sxtp Issuance Of Common Stock For Payment Of Deferred Compensation
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CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Units
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CY2023Q3 us-gaap Reclassifications Of Temporary To Permanent Equity
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CY2023Q3 sxtp Net Of Underwriting Discounts And Offering Costs
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CY2023Q3 us-gaap Stock Issued During Period Value Issued For Services
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CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2023Q3 us-gaap Share Based Compensation
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CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023Q3 us-gaap Temporary Equity Foreign Currency Translation Adjustments
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CY2023Q3 us-gaap Profit Loss
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4173542 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation
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19287 usd
us-gaap Depreciation
Depreciation
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Debt Discount Premium
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sxtp Amortization Of Rou Asset
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sxtp Amortization Of Rou Asset
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sxtp Amortization Of Note Issuance Costs
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sxtp Amortization Of Capitalized Services
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us-gaap Share Based Compensation
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Adjustment Of Warrants Granted For Services
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us-gaap Adjustment Of Warrants Granted For Services
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us-gaap Other Noncash Expense
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us-gaap Other Noncash Expense
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us-gaap Fair Value Adjustment Of Warrants
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us-gaap Inventory Lifo Reserve Period Charge
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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-34271 usd
us-gaap Increase Decrease In Deferred Compensation
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-100000 usd
us-gaap Increase Decrease In Deferred Compensation
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments For Software
PaymentsForSoftware
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us-gaap Payments For Software
PaymentsForSoftware
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Initial Public Offering
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us-gaap Proceeds From Warrant Exercises
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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us-gaap Proceeds From Related Party Debt
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us-gaap Repayments Of Notes Payable
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us-gaap Proceeds From Repayments Of Related Party Debt
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250000 usd
us-gaap Repayments Of Related Party Debt
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250000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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6474565 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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20850 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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1953675 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
323994 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
264865 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115399 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2218540 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
439393 usd
us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
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us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
10128500 usd
us-gaap Conversion Of Stock Amount Converted1
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270460 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
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sxtp Additions To Rou Assets For Lease Renewal
AdditionsToROUAssetsForLeaseRenewal
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sxtp Additions To Lease Liabilities For Lease Renewal
AdditionsToLeaseLiabilitiesForLeaseRenewal
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sxtp Conversion Of60 Pllc Member Units To Common Stock
ConversionOf60PLLCMemberUnitsToCommonStock
4979365 usd
sxtp Debt Discount Recorded In Connection With Derivative Liabilities
DebtDiscountRecordedInConnectionWithDerivativeLiabilities
650000 usd
sxtp Debt Discount Recorded In Connection With Derivative Liabilities
DebtDiscountRecordedInConnectionWithDerivativeLiabilities
1105000 usd
us-gaap Stock Issued1
StockIssued1
480000 usd
sxtp Stock Issued For Acquisition Of Intangibles
StockIssuedForAcquisitionOfIntangibles
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us-gaap Notes Issued1
NotesIssued1
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sxtp Reclassification Of Liabilityclassified Warrants To Equityclassified
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us-gaap Nature Of Operations
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>1. NATURE OF OPERATIONS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">60 Degrees Pharmaceuticals, Inc. was incorporated in Delaware on June 1, 2022 and merged on the same day with 60 Degrees Pharmaceuticals, LLC, a District of Columbia limited liability company organized on September 9, 2010 (“60P LLC”). 60 Degrees Pharmaceuticals, Inc. and its subsidiaries (referred to collectively as the “Company”, “60P”, or “60 Degrees Pharmaceuticals”) is a specialty pharmaceutical company that specializes in the development and marketing of new medicines for the treatment and prevention of infectious diseases. 60P achieved FDA approval of its lead product, ARAKODA® (tafenoquine), for malaria prevention, in 2018. Currently, 60P’s pipeline under development covers development programs for COVID-19, fungal, tick-borne, and other viral diseases utilizing three of the Company’s future products: (i) new products that contain the Arakoda regimen of tafenoquine; (ii) new products that contain tafenoquine; and (iii) celgosivir. The Company’s headquarters are located in Washington, D.C., with a majority-owned subsidiary in Australia.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span style="text-decoration:underline">Initial Public Offering</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 14, 2023, the Company closed its initial public offering consisting of 1,415,095 units at a price of $5.30 per unit for $6,454,325 in net proceeds, after deducting the underwriting discount and commission and other estimated offering expenses payable by the Company (the “IPO”). Each unit consisted of one share of common stock of the Company, par value $0.0001 per share, one tradeable warrant to purchase one share of common stock at an exercise price of $6.095 per share (a “Tradeable Warrant”), and one non-tradeable warrant to purchase one share of the Company’s common stock at an exercise price of $6.36 per share (a “Non-tradeable Warrant”). The Tradeable Warrants and Non-Tradeable Warrants are immediately exercisable on the date of issuance and will expire five years from the date of issuance (July 12, 2023 to July 12, 2028).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company granted the underwriters a 45-day over-allotment option to purchase up to 212,265 shares of the Company’s common stock at a price of $5.28 per share and/or 212,265 Tradeable Warrants at a price of $0.01 per Tradeable Warrant and/or 212,265 Non-tradeable Warrants at $0.01 per Non-tradeable Warrant, or any combination thereof (the “Over-Allotment”). On July 13, 2023, the underwriters partially exercised the Over-Allotment and purchased an additional 100,644 Tradeable Warrants and 100,644 Non-tradeable Warrants. The Company also issued to the underwriters warrants to purchase 84,906 shares of the Company’s common stock, at an exercise price of $5.83 per share, which is equal to 110% of the offering price per Unit (the “Representative Warrants”). The Representative Warrants are exercisable for a period of five years from the date of issuance (July 14, 2023 to July 14, 2028).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The units were offered and sold pursuant to the Company’s Registration Statement on Form S-1, as amended (File No. 333-269483), originally filed with the Securities and Exchange Commission (the “SEC”) on January 31, 2023 (the “Registration Statement”) and the final prospectus filed with the SEC pursuant to Rule 424(b)(4) of the Securities Act of 1933, as amended. The Registration Statement was declared effective by the SEC on July 11, 2023. The common stock and tradeable warrants began trading on The Nasdaq Capital Market on July 12, 2023 under the symbols “SXTP” and “SXTPW,” respectively. The closing of the IPO occurred on July 14, 2023. See Note 6 for further details.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span style="text-decoration:underline">Going Concern</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s financial statements are prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of obligations in the normal course of business. However, the Company has not demonstrated the ability to generate enough revenues to date to cover operating expenses and has accumulated losses to date. This condition, among others, raises substantial doubt about the ability of the Company to continue as a going concern for one year from the date these financial statements are issued.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In view of these matters, continuation as a going concern is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to meet its financial requirements, raise additional capital, and the success of its future operations. The financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should the Company not continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management plans to fund operations of the Company through third party and related party debt/advances, private placement of restricted securities and the issuance of stock in a subsequent offering until such a time as a business combination or other profitable investment may be achieved.</p>
CY2023Q3 us-gaap Equity Ownership Percentage Excluding Consolidated Entity And Equity Method Investee
EquityOwnershipPercentageExcludingConsolidatedEntityAndEquityMethodInvestee
1 pure
CY2023Q3 sxtp Common Shares Isuued
CommonSharesIsuued
904436 shares
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span style="text-decoration:underline">Use of Estimates</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and those estimates may be material. Significant estimates include the reserve for inventory, deferred compensation, derivative liabilities, and valuation allowance for the deferred tax asset.</p>
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
108208 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
183943 usd
CY2023Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
149812 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span style="text-decoration:underline">Concentrations</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash, accounts receivable, inventory purchases, and borrowings.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Significant customers represent any customer whose business makes up 10% of receivables or revenues. 100% of receivables as of September 30, 2023, consisting of two significant customers at 78% and 22%, are outstanding from significant customers. At December 31, 2022, 98% of the Company’s receivables, consisting of three customers and two significant at 59% and 39%, were outstanding from significant customers. For the three months ended September 30, 2023, 100% of total net revenues (consisting of one significant customer) were generated by significant customers (100% for the three months ended September 30, 2022 consisting of three significant customers at 48%, 43%, and 9%). For the nine months ended September 30, 2023, 100% of the revenues were generated by the Company from significant customers, consisting of two customers at 72% and 28% (100% for the nine months ended September 30, 2022, consisting of three customers at 65%, 29%, and 6% respectively).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Currently, the Company has exclusive relationships with distributors in Australia and Europe. A failure to perform by any of our current distributors would create disruption for patients in those markets. The US government has historically been the Company’s largest customer through a purchase support contract and a clinical study. Both of those activities ended during 2022 and near-term receivables and revenues from the government are not anticipated to be significant.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Since the Company first started working on tafenoquine all inventory has been acquired in a collaborative relationship from a sole vendor. Should the vendor cease to supply tafenoquine it would take significant costs and efforts to rebuild the supply chain with a new sole vendor sourcing the active pharmaceutical ingredient (“API”).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of September 30, 2023, 0% (85% at December 31, 2022) of the Company’s non-related party debt is held by Knight Therapeutics, previously the senior secured lender and also a publicly traded Canadian company. The terms of the preferred share conversion with Knight Therapeutics currently limits the Company’s ability to access additional credit without their consent.</p>
us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
Significant customers represent any customer whose business makes up 10% of receivables or revenues. 100% of receivables as of September 30, 2023, consisting of two significant customers at 78% and 22%, are outstanding from significant customers. At December 31, 2022, 98% of the Company’s receivables, consisting of three customers and two significant at 59% and 39%, were outstanding from significant customers. For the three months ended September 30, 2023, 100% of total net revenues (consisting of one significant customer) were generated by significant customers (100% for the three months ended September 30, 2022 consisting of three significant customers at 48%, 43%, and 9%). For the nine months ended September 30, 2023, 100% of the revenues were generated by the Company from significant customers, consisting of two customers at 72% and 28% (100% for the nine months ended September 30, 2022, consisting of three customers at 65%, 29%, and 6% respectively). 
us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0 pure
CY2022 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.85 pure
CY2023Q3 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
263703 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
591569 usd
CY2022Q3 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
182655 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
477106 usd
CY2023Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
525000 shares
sxtp Common Stock Shares As Sharebased Payments
CommonStockSharesAsSharebasedPayments
405000 shares
sxtp Unamortized Deferred Prepaid Research And Development Costs
UnamortizedDeferredPrepaidResearchAndDevelopmentCosts
2834148 usd
CY2022 sxtp Unamortized Deferred Prepaid Research And Development Costs
UnamortizedDeferredPrepaidResearchAndDevelopmentCosts
0 usd
CY2023Q3 us-gaap Notes Payable
NotesPayable
2174194 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
1494200 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
63062 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span style="text-decoration:underline">Reclassifications</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no material effect on the consolidated results of operations and comprehensive income (loss), shareholders’ and members’ equity (deficit), or cash flows.</p>
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
513000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0 shares
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
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CY2023Q3 us-gaap Retail Related Inventory Packaging And Other Supplies
RetailRelatedInventoryPackagingAndOtherSupplies
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CY2022Q4 us-gaap Inventory Valuation Reserves
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126902 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
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3836 usd
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21300 usd
us-gaap Depreciation
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19287 usd
us-gaap Depreciation
Depreciation
20747 usd
CY2023Q3 us-gaap Depreciation
Depreciation
5485 usd
CY2022Q3 us-gaap Depreciation
Depreciation
6901 usd
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174833 usd
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FiniteLivedPatentsGross
145613 usd
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79248 usd
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CapitalizedComputerSoftwareGross
27070 usd
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FiniteLivedIntangibleAssetsGross
254081 usd
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FiniteLivedIntangibleAssetsGross
172683 usd
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-29034 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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IntangibleAssetsNetExcludingGoodwill
225047 usd
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IntangibleAssetsNetExcludingGoodwill
164255 usd
CY2023Q3 us-gaap Development Costs
DevelopmentCosts
12283 usd
CY2022Q3 us-gaap Development Costs
DevelopmentCosts
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us-gaap Development Costs
DevelopmentCosts
52178 usd
us-gaap Development Costs
DevelopmentCosts
0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20606 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2783 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7414 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1831 usd
CY2023Q3 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Patent Costs
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CY2022Q2 us-gaap Shares Issued Price Per Share
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5
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
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78803 shares
CY2022Q4 sxtp Percentage Of Cancelled Shares Issued
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0.61 pure
CY2022Q4 sxtp Percentage Of Cancelled Shares Outstanding
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0.61 pure
CY2023Q3 us-gaap Common Stock Shares Issued
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31447 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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31447 shares
CY2023Q3 us-gaap Common Stock Shares Issued
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29245 shares
CY2023Q3 us-gaap Conversion Of Stock Shares Issued1
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214934 shares
CY2023Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
60000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
93000 shares
CY2023Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
45560 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
231917 shares
CY2023Q2 us-gaap Common Stock Shares Issued
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231917 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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151991 shares
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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151991 shares
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5.83
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5.83
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1.10 pure
CY2023Q2 sxtp Percentage Of Ipo Price
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1.10 pure
CY2023Q3 sxtp Share Based Compensation Arrangement By Share Based Payment Number Of Warrants Reclassified From Derivative Liabilities
ShareBasedCompensationArrangementByShareBasedPaymentNumberOfWarrantsReclassifiedFromDerivativeLiabilities
231917 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
5.46
CY2023Q3 sxtp Weighted Average Remaining Contractual Life Years Reclassified From Derivative Liabilitiesin
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P4Y1M24D
CY2023Q3 sxtp Class Of Number Of Warrants Granted
ClassOfNumberOfWarrantsGranted
3116384 shares
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.22
CY2023Q3 sxtp Weighted Average Remaining Contractual Life Years Granted
WeightedAverageRemainingContractualLifeYearsGranted
P5Y
CY2023Q3 sxtp Class Of Number Of Warrants Exercised
ClassOfNumberOfWarrantsExercised
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CY2023Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.14
CY2023Q3 sxtp Weighted Average Remaining Contractual Life Years Exercised
WeightedAverageRemainingContractualLifeYearsExercised
P5Y
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.17
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y8M23D
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
3163854 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.17
CY2023Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P4Y8M23D
CY2023Q3 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
1131771 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
31447 shares
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.06 pure
CY2020Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
100000 usd
CY2022Q2 sxtp Deferred Cash
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60000 usd
CY2022Q2 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
400000 usd
CY2022Q2 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
100000 usd
CY2023Q3 sxtp Equity Compensation
EquityCompensation
245000 usd
CY2023Q3 us-gaap Shares Issued
SharesIssued
29245 shares
CY2022Q2 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
57198 usd
CY2022Q2 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
12500 usd
CY2022Q2 us-gaap Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
1 pure
CY2022Q2 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
38900 usd
CY2022Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
60000 usd
CY2022 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
65000 shares
CY2022 us-gaap Deferred Compensation Arrangement With Individual Exercise Price
DeferredCompensationArrangementWithIndividualExercisePrice
5
CY2022Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
325000 usd
CY2023Q1 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
65000 shares
CY2022Q4 us-gaap Loans Payable
LoansPayable
20596595 usd
CY2017Q4 sxtp Promissory Note Amount
PromissoryNoteAmount
750000 usd
CY2017Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.10 pure
CY2022Q1 us-gaap Long Term Debt Maturities Repayment Terms
LongTermDebtMaturitiesRepaymentTerms
30 days
CY2023Q3 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
120683 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
1767 usd
CY2023Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3869 usd
CY2022Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
52628 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 usd
CY2023Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
4944 usd
CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
29429 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
66558 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
85242 usd
CY2022Q1 us-gaap Conversion Of Stock Shares Converted1
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214934 shares
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
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223077 usd
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
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CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
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PaymentsToAcquireAdditionalInterestInSubsidiaries
22222 usd
sxtp Description Of2022 And2023 Bridge Note
DescriptionOf2022And2023BridgeNote
As a result of the completion of the IPO and as required under the terms of the 2022 and 2023 Bridge Notes, the Company issued the holders 303,982 shares of common stock, determined by the outstanding principal balance of each note divided by the IPO price. In addition, the Company made cash payments to the holders of the 2022 and 2023 Bridge Notes totaling $1,749,488 for the outstanding principal, accrued interest and Extension Payments (2022 Bridge Notes only), in full settlement of the outstanding debt obligations. The embedded derivative liability (conversion feature) was marked to market on the settlement date, and the Company recognized a debt extinguishment loss of $614,670 upon settlement, representing the difference between (i) the reacquisition price, consisting of cash and shares, and (ii) the net carrying value of the debt including associated derivative liabilities on the date of conversion.
CY2022Q2 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
8472 usd
sxtp Description Of Related Party Notes
DescriptionOfRelatedPartyNotes
As a result of the completion of the IPO and as required under the terms of the Related Party Notes, the entirety of the outstanding principal balance converted to 79,926 shares of common stock at a conversion rate equal to 80% of the IPO price, fully satisfying the Company’s obligations with respect to the principal amount. In addition, the Company made cash payments to the related party holders totaling $31,968 in full settlement of the outstanding accrued interest and Extension Payments. The Company recognized a final mark to market adjustment of the embedded derivative liability (conversion feature), and as a result, no gain or loss was recognized on the debt extinguishment.
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
10770037 usd
sxtp Initial Public Offering Discount Percentages
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0.15 pure
sxtp Common Stock Outstanding Percentages
CommonStockOutstandingPercentages
0.199 pure
sxtp Payment Of Milestones
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10000000 usd
us-gaap Management Fee Expense
ManagementFeeExpense
30000 usd
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CumulativeDividendPercentage
0.06 pure
CY2023Q3 sxtp Common Stock Ownership Percentage
CommonStockOwnershipPercentage
0.199 pure
CY2022Q1 sxtp Equal Royalty Pay To Lender Percentage
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3.5 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
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339052 usd
CY2023Q1 us-gaap Interest Expense Other
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CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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21815841 usd
CY2023Q2 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
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InterestExpenseOther
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CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
23539996 usd
CY2023Q3 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
6105066 usd
CY2023Q3 us-gaap Extinguishment Of Debt Amount
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17434930 usd
sxtp Description Of Knight Debt Conversion Agreement
DescriptionOfKnightDebtConversionAgreement
As a result of the completion of the IPO and as required under the terms of the Knight Debt Conversion Agreement, the cumulative outstanding principal as of March 31, 2022 converted to 1,108,337 shares of common stock (representing 19.9% ownership of the Company’s common stock after giving effect to the IPO). In addition, the entirety of the accumulated interest as of March 31, 2022 converted into 80,965 shares of Series A Preferred Stock at the conversion rate detailed above, in full satisfaction of the Company’s obligations with respect to the accumulated interest. Upon consummation of the IPO and under the terms of the Knight Debt Conversion Agreement, the Company became obligated to the contingent milestone payments and the accumulated Royalty discussed above, which value was included in the reacquisition price of the debt upon extinguishment. The Company recognized a final mark-to-market adjustment of $6,106,066 to adjust the Convertible Knight Loan to its fair value on the date of settlement, and as a result, no gain or loss was recognized on the debt extinguishment.
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3000000 usd
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DeferredFinanceCostsNet
2100000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
279061 usd
CY2022Q4 us-gaap Public Utilities Property Plant And Equipment Original Cost Of Intangible Utility Plants
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3000000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Current
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279061 usd
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2720939 usd
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AccumulatedCapitalizedInterestCosts
1555670 usd
CY2022Q4 sxtp Debenture
Debenture
4276609 usd
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150000 usd
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AnnualInterestRate
0.0375 pure
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LineOfCreditFacilityCommitmentFeeAmount
731 usd
CY2022Q4 us-gaap Interest Paid Net
InterestPaidNet
731 usd
sxtp Long Term Debt Current Maturitie
LongTermDebtCurrentMaturitie
8772 usd
CY2023Q3 sxtp Sbaeid Lincluding Accrued Interest Non Current
SBAEIDLincludingAccruedInterestNonCurrent
152594 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Fair Value Current
DebtSecuritiesHeldToMaturityFairValueCurrent
2750 usd
CY2022Q4 sxtp Sbaeid Lincluding Accrued Interest Non Current
SBAEIDLincludingAccruedInterestNonCurrent
160272 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2804 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
147196 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
150000 usd
sxtp Payment Terms Balloon Payment To Be Paid
PaymentTermsBalloonPaymentToBePaid
32383 usd
CY2023Q2 sxtp Short Term Advance Received
ShortTermAdvanceReceived
50000 usd
CY2023Q2 sxtp Short Term Advance Received
ShortTermAdvanceReceived
250000 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
1483888 usd
CY2022Q2 us-gaap Long Term Debt Current
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504613 usd
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555000 usd
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5134 usd
CY2023Q1 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
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1499334 usd
CY2023Q2 sxtp Fair Value Commitment Date
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Mark To Market
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CY2023Q2 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
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2446091 usd
CY2023Q3 sxtp Fair Value Mark To Market Adjustment Prior To Conversion Or Reclassification
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CY2023Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
1457801 usd
CY2023Q3 sxtp Reclassification Of Liabilityclassified Warrants To Equityclassified
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2174194 usd
sxtp Fair Value Commitment Date
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1483888 usd
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1001 usd
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1484889 usd
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22495 usd
CY2022Q3 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
1507384 usd
us-gaap Increase Decrease In Derivative Liabilities
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CY2023Q3 us-gaap Sale Of Stock Price Per Share
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23496
CY2023Q3 us-gaap Income Tax Expense Benefit
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63 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
189 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
250 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
750 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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187196 usd
CY2023Q3 us-gaap Deferred Compensation Arrangement With Individual Shares Authorized For Issuance
DeferredCompensationArrangementWithIndividualSharesAuthorizedForIssuance
40000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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3.42
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0 pure
CY2023Q3 sxtp Aggregate Of Stock Option
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CY2023Q3 sxtp Share Baseed Compensation Of Stock Option Award
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233728 usd
sxtp Share Baseed Compensation Of Stock Option Award
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233728 usd
CY2022Q3 sxtp Share Baseed Compensation Of Stock Option Award
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sxtp Share Baseed Compensation Of Stock Option Award
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0 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
32000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
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8000 shares
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
0 shares
CY2022Q4 us-gaap Preferred Stock Value
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CY2023Q3 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
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CY2023Q3 us-gaap Product Liability Contingency Accrual Discount Rate
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