XML 119 R33.htm IDEA: XBRL DOCUMENT v3.24.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Mar. 17, 2022
Summary of Significant Accounting Policy [Line Items]      
Long-term equity investments $ 17,625,620 $ 5,622,547  
Unrealized gain 1,200,000    
Impairment recognized 0 0  
Royalty monetization liability $ 30,000,000 0  
Estimated useful life (in years) 3 years    
Defined contribution plan name 401(k)-retirement plan    
Contribution amount to retirement plan $ 311,640 339,405  
Pension Plan, Matching Scenario One      
Summary of Significant Accounting Policy [Line Items]      
Percentage of matching contribution from employer 100.00%    
Percentage of eligible employees' contribution 3.00%    
Pension Plan, Matching Scenario Two      
Summary of Significant Accounting Policy [Line Items]      
Percentage of matching contribution from employer 50.00%    
Pension Plan, Matching Scenario Two | Minimum      
Summary of Significant Accounting Policy [Line Items]      
Percentage of eligible employees' contribution 3.00%    
Pension Plan, Matching Scenario Two | Maximum      
Summary of Significant Accounting Policy [Line Items]      
Percentage of eligible employees' contribution 5.00%    
Fair Value, Level 3      
Summary of Significant Accounting Policy [Line Items]      
Fair value assets $ 0 0  
Fair value liabilities 0 0  
Money Market Funds and Short-term Investments | Fair Value, Level 1      
Summary of Significant Accounting Policy [Line Items]      
Fair value assets 25,700,000 42,500,000  
Money Market Funds and Short-term Investments | Fair Value, Level 2      
Summary of Significant Accounting Policy [Line Items]      
Fair value assets 78,800,000 84,100,000  
Promissory Notes      
Summary of Significant Accounting Policy [Line Items]      
Long-term equity investments     $ 1,000,000
Interest rate, stated percentage     1.50%
Marinus Therapeutics Inc      
Summary of Significant Accounting Policy [Line Items]      
Equity method investments 1,300,000 500,000  
Gensaic, Inc      
Summary of Significant Accounting Policy [Line Items]      
Long-term equity investments 5,100,000 $ 5,100,000  
Graviton Bioscience Corporation      
Summary of Significant Accounting Policy [Line Items]      
Long-term equity investments $ 11,200,000    
Ligand Pharmaceuticals Incorporated | Purchase Agreement      
Summary of Significant Accounting Policy [Line Items]      
Commercial interest rate 13.00%    
Ownership interest rate 100.00%