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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
Revenue:        
Royalty revenue $ 589,897 $ 726,404 $ 1,183,158 $ 1,237,221
Total revenue 589,897 726,404 1,183,158 1,237,221
Operating costs and expenses:        
Research and development (656,557) (933,771) (1,535,586) (1,878,092)
General and administrative (657,752) (1,130,029) (1,314,393) (1,964,939)
Total operating costs and expenses (1,314,309) (2,063,800) (2,849,979) (3,843,031)
Loss from operations (724,412) (1,337,396) (1,666,821) (2,605,810)
Other income (expense):        
Other income (expense) 1,477 (21) 1,555 31
Interest income, net 34,232 63,447 73,422 136,696
Total other income 35,709 63,426 74,977 136,727
Net loss $ (688,703) $ (1,273,970) $ (1,591,844) $ (2,469,083)
Basic net loss per share $ (0.45) $ (0.83) $ (1.03) $ (1.60)
Diluted net loss per share $ (0.45) $ (0.83) $ (1.03) $ (1.60)
Weighted-average shares of common stock outstanding, basic 1,542,139 1,540,799 1,542,139 1,540,741
Weighted-average shares of common stock outstanding, diluted 1,542,139 1,540,799 1,542,139 1,540,741