XML 56 R45.htm IDEA: XBRL DOCUMENT v3.24.4
Equity (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Dec. 05, 2024
Dec. 04, 2024
Dec. 01, 2023
Oct. 11, 2023
Feb. 15, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 03, 2024
Dec. 31, 2023
Oct. 04, 2023
Feb. 14, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Common stock, shares authorized             300,000,000   300,000,000     300,000,000    
Common stock, par value             $ 0.0001   $ 0.0001     $ 0.0001    
Minimum bid price             $ 18.00   $ 18.00       $ 9.00  
Shares issued value                 $ 1,795,000          
Cash                   $ 4,000    
Liability             99,217,000   99,217,000     $ 96,264,000    
Change in fair value of contribution liability             (180,000) 240,000        
Net income loss             (5,528,000) (14,087,000) $ (9,763,000) (97,610,000)        
Option to purchase shares                          
Fair value of a non-statutory stock option per share                          
Expected volatility         75.00%                  
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term         6 years 6 months                  
Risk free interest rate         4.00%                  
Unvested stock option awards granted             $ 1,100,000   $ 1,100,000          
Weighted average remaining contractual life, granted                 1 year 4 months 24 days          
Stock option exercised                 $ 0          
Common stock, shares issued             34,868,628   34,868,628     34,649,046    
Founder Shares [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Voting interests percentage             100.00%   100.00%          
Founder Shares [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Common stock, shares issued             17,454,542   17,454,542          
Founder Shares [Member] | Poseidon Bio LLC [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Ownership percentage             68.00%   68.00%          
Non-employee Directors [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Fair value of a non-statutory stock option per share         $ 3.73                  
Share based compensation           $ 600,000 $ 200,000   $ 600,000          
2022 Stock Option and Incentive Plan [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Share-based compensation arrangement by share-based payment award, shares issued in period                 4,360,000          
Board of Directors [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Option to purchase shares         75,000       75,000          
Class of warrant or right, exercise price of warrants or rights         $ 10.00                  
2022 Employee Stock Purchase Plan [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Share-based compensation arrangement by share-based payment award, number of shares available for grant             2,180,000   2,180,000          
Employee stock purchase plan percentage                 85.00%          
Common Stock [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Shares issued value                          
Issuance of common stock, Shares                 169,582          
Net income loss                        
Class of warrant or right, exercise price of warrants or rights                           $ 8.06
Virion Therapeutics LLC [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Net income loss             $ 1,000,000.0   $ 6,600,000          
Contribution Agreement [Member] | Virion Therapeutics LLC [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Other accrued interest rate       50.00%                    
Cash       $ 4,100,000                    
Issuance of common stock, Shares     500,000 250,000                    
Liability       $ 2,800,000                    
Increase in liability             3,400,000   200,000          
Change in fair value of contribution liability             200,000   200,000          
Net income loss             $ 500,000   $ 3,300,000          
Contribution Agreement [Member] | Virion Therapeutics LLC [Member] | Common Stock [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Stock issued during period purchases of shares       750,000                    
Subsequent Event [Member]                            
Accumulated Other Comprehensive Income (Loss) [Line Items]                            
Minimum bid price                     $ 1      
Shares issued value $ 35,000,000 $ 35,000,000