CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
12 Months Ended | |
---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
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OPERATING EXPENSES | ||
General and administrative expenses | $ 4,110,045 | $ 2,738,948 |
Research and development | 1,179,436 | 2,579,418 |
Professional fees | 2,281,968 | 1,543,918 |
Total operating expenses | 7,571,449 | 6,862,284 |
NET LOSS FROM OPERATIONS | (7,571,449) | (6,862,284) |
OTHER (EXPENSE) INCOME | ||
Interest expense | (786,393) | (518,509) |
Other income | 39,413 | |
Gain on default judgement | 363,091 | |
Total other (expense) income | (383,091) | (518,509) |
Net loss before provision for income taxes | (7,955,338) | (7,380,793) |
Provision for income taxes | ||
NET LOSS | $ (7,955,338) | $ (7,380,793) |
Net loss per common share - diluted | $ (1.43) | $ (5.78) |
Weighted average number of common shares outstanding during the year - diluted | 5,574,473 | 1,276,543 |
X | ||||||||||
- Definition This element represents net loss before provision for income taxes. No definition available.
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- Definition The element represents interest expense on promissory note related party. No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The gain (loss) is the pre-tax difference between the net condemnation award and the entity's adjusted basis of the condemned property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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