Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES:        
Product revenue $ 53,400 $ 0 $ 53,400 $ 35,720
Total revenues 53,400 0 53,400 35,720
COSTS OF GOODS SOLD        
Product costs 35,478 0 35,478 23,218
Total cost of goods sold 35,478 0 35,478 23,218
GROSS MARGIN 17,922 0 17,922 12,502
COSTS AND EXPENSES:        
General and administrative 1,171,137 5,977,277 2,610,689 6,952,851
Research and development 479,657 2,252,325 3,248,892 2,565,092
Total costs and expenses 1,650,794 8,229,602 5,859,581 9,517,943
LOSS FROM OPERATIONS (1,632,872) (8,229,602) (5,841,659) (9,505,441)
OTHER (EXPENSE):        
Interest expense (7,360) (6,766) (9,759) (9,413)
Amortization of debt discount 0 0 0 0
Total other expense 7,360 6,766 9,759 9,413
NET LOSS $ (1,640,232) $ (8,236,368) $ (5,851,418) $ (9,514,854)
BASIC AND DILUTED LOSS PER SHARE $ (0.43) $ (2.78) $ (1.55) $ (3.31)
WEIGHTED AVERAGE BASIC AND DILUTED SHARES OUTSTANDING 3,810,065 2,961,606 3,780,238 2,875,631