XML 8 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 34,818,304 $ 40,912,575
Restricted cash 100,000 100,000
Prepaid expenses and other current assets 702,546 989,865
Total current assets 35,620,850 42,002,440
Equipment, net 9,524 10,884
Capitalized software, net 10,642 17,027
Goodwill 14,869,399 14,869,399
Total assets 50,510,415 56,899,750
Current liabilities    
Accounts payable 1,435,568 1,805,320
Accrued expenses and other current liabilities 1,395,227 1,535,097
Total current liabilities 2,830,795 3,340,417
Liability related to the sale of future royalties 84,267,066 82,016,823
Total liabilities 87,097,861 85,357,240
Commitments and contingencies (Note 8)
Stockholders' deficit    
Preferred stock; $0.0001 par value; 100,000,000 shares authorized; none issued or outstanding as of March 31, 2024 and December 31, 2023
Common stock; $0.0001 par value; 125,000,000 shares authorized; 6,993,406 shares issued and outstanding as of March 31, 2024 and December 31, 2023 699 699
Additional paid-in capital 368,796,088 368,357,239
Accumulated deficit (405,384,233) (396,815,428)
Total stockholders' deficit (36,587,446) (28,457,490)
Total liabilities and stockholders' deficit $ 50,510,415 $ 56,899,750