XML 34 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues $ 16,146  
Costs and operating expenses    
Cost of revenues 475  
Research and development 58,747 $ 49,586
General and administrative 25,420 32,610
Impairment of in-process research and development intangible asset 20,964 0
Total costs and operating expenses 105,606 82,196
Loss from operations (89,460) (82,196)
Other income, net    
Interest and investment income 7,039 6,630
Sublease income 2,926 1,776
Total other income, net 9,965 8,406
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total (79,495) (73,790)
Income tax benefit (2,164)  
Net loss $ (77,331) $ (73,790)
Net loss per common share - basic $ (1.32) $ (1.85)
Net loss per common share - diluted $ (1.32) $ (1.85)
Weighted average shares of common stock outstanding - basic 58,445,765 39,904,603
Weighted average shares of common stock outstanding - diluted 58,445,765 39,904,603
Other comprehensive income    
Net unrealized gains on marketable debt securities $ 107 $ 63
Other comprehensive income 107 63
Comprehensive loss (77,224) $ (73,727)
Royalty Revenues    
Revenues 8,146  
Sale of Royalty Rights    
Revenues $ 8,000