| December 31, 2023 | December 31, 2022 | |||||||
| Accrued expenses: | ||||||||
| Employee payroll and bonuses | $ | 207,556 | $ | 371,010 | ||||
| Vacation | 31,074 | 27,082 | ||||||
| Research and development projects | 85,767 | 316,389 | ||||||
| Interest | — | 223,792 | ||||||
| Professional fees | 35,624 | 24,502 | ||||||
| Other | 23,647 | 31,186 | ||||||
| Total accrued expenses | $ | 383,668 | $ | 993,961 | ||||
| Year Ended December 31, | ||||||||||||||||
| 2023 | 2022 | $ Change | % Change | |||||||||||||
| Service revenue - related party | $ | 686,000 | $ | 284,000 | $ | 402,000 | 142 | % | ||||||||
| Total revenue | 686,000 | 284,000 | 402,000 | 142 | % | |||||||||||
| Operating expenses: | ||||||||||||||||
| General and administrative | 4,493,332 | 3,639,666 | 853,666 | 23 | % | |||||||||||
| Research and development | 3,809,063 | 6,097,938 | (2,288,875) | (38 | )% | |||||||||||
| Total operating expenses | 8,302,395 | 9,737,604 | (1,435,212) | (15 | )% | |||||||||||
| Loss from operations | (7,616,395) | (9,453,604) | 1,837,209 | (19 | )% | |||||||||||
| Non operating income (expense) | ||||||||||||||||
| Interest income | 1,577 | 4,818 | (3,241) | (67 | )% | |||||||||||
| Interest expense | (167,726) | (251,891) | 84,165 | (33 | )% | |||||||||||
| Employee retention credit | — | 229,813 | (229,813) | (100 | )% | |||||||||||
| Other income | — | 65,849 | (65,849) | (100 | )% | |||||||||||
| Forgiveness of accounts payable | 56,285 | — | 56,285 | 100 | % | |||||||||||
| Change in fair value of convertible note | (3,630,100) | (1,250,000) | (2,380,100) | 100 | % | |||||||||||
| Other income (expense) | 89,886 | (25,351) | 115,237 | (455 | )% | |||||||||||
| Total non-operating expenses | (3,650,078) | (1,226,762) | (2,423,316) | 198 | % | |||||||||||
| Loss before income taxes | (11,266,473) | (10,680,366) | (586,107) | 5 | % | |||||||||||
| Income tax expense | (17,308) | — | (17,308) | 100 | % | |||||||||||
| Net loss | (11,283,781) | (10,680,366) | (603,415) | 6 | % | |||||||||||
| Dividends on preferred stock | (1,355,347) | (2,768,984) | 1,413,637 | (51 | )% | |||||||||||
| Net loss attributable to common shareholders | $ | (12,639,128) | $ | (13,449,350) | $ | 810,222 | (6 | )% | ||||||||
