Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Total revenue $ 464,354 $ 2,820,780
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Service [Member] Service [Member]
Costs and expenses:    
Cost of revenue (exclusive of items shown separately below) $ 2,093,955 $ 2,932,267
Cost, Product and Service [Extensible Enumeration] Service [Member] Service [Member]
Depreciation $ 426,185 $ 273,099
Research and development 63,534 226,967
General and administrative 3,430,010 5,212,644
Total costs and expenses 6,013,684 8,644,977
Operating loss (5,549,330) (5,824,197)
Other (income) expense:    
Other (income) expense, net (96,473) 1,152,381
Gain on lease termination (15,365) 0
Foreign currency transaction loss (gain) 5,147 (9,884)
Loss on extinguishment of debt 78,734,949 0
Change in fair value of warrant liabilities (8,309,623) 2,236,904
Change in fair value of new convertible debentures (4,504,426) 0
Interest expense, net 1,475,397 4,935,067
Total other expense, net 67,289,606 8,314,468
Net loss $ (72,838,936) $ (14,138,665)
Basic loss per share (in dollars per share) $ (1.63) $ (0.36)
Diluted loss per share (in dollars per share) $ (1.63) $ (0.36)
Basic weighted average shares outstanding (in shares) 44,635,720 39,765,361
Diluted weighted average shares outstanding (in shares) 44,635,720 39,765,361