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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Reconciliation of Consolidated Operating Expenses and Loss A reconciliation to consolidated operating expenses as our single segment operating loss for the twelve months ended December 31, 2024 and 2023 is included in the table below:

 

Year Ended December 31,

 

 

2024

 

 

2023

 

Direct research and development expenses

 

 

 

 

 

 

Research and development salaries and benefits

 

$

8,048,062

 

 

$

5,193,554

 

Clinical trial expense

 

 

4,169,487

 

 

 

809,678

 

Lab supplies and animal care

 

 

2,737,075

 

 

 

2,740,835

 

Lab services, consulting, and other direct research costs

 

 

7,295,739

 

 

 

1,471,879

 

Contract Manufacturing

 

 

 

 

 

386,983

 

Total direct research and development expenses

 

 

22,250,363

 

 

 

10,602,929

 

Indirect research and development expenses

 

 

6,694,046

 

 

 

5,292,590

 

Share based compensation (research and development)

 

 

1,307,258

 

 

 

619,486

 

Total research and development expense

 

 

30,251,667

 

 

 

16,515,005

 

General and administrative expense

 

 

 

 

 

 

Administrative payroll

 

 

6,563,608

 

 

 

6,614,660

 

Professional fees and travel

 

 

1,515,131

 

 

 

10,647,419

 

Insurance, office expense, and other administrative expenses

 

 

4,267,987

 

 

 

4,732,994

 

Share based compensation (general and administrative)

 

 

1,634,537

 

 

 

1,804,233

 

Total general and administrative expenses

 

 

13,981,263

 

 

 

23,799,306

 

Total operating expense

 

$

44,232,930

 

 

$

40,314,311