XML 18 R4.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Licensing revenue $ 500,000
Operating expenses:    
Research and development 11,287,691 11,733,666
General and administrative 9,742,739 13,687,899
Total operating expenses 21,030,430 25,421,565
Loss from operations (21,030,430) (24,921,565)
Other income (expense):    
Gain from change in earn-out milestone liability 5,396,000
Impairment of in-process research and development (13,366,234)
Loss on debt extinguishment (329,158)
Investment income, net 1,157,625 453,356
Interest expense (197,080) (5,028,618)
Other (loss) income (396,319) 1,801
Total other income (expense), net 235,068 (12,543,695)
Loss before income tax benefit (20,795,362) (37,465,260)
Income tax benefit 1,280,385 1,567,026
Net loss $ (19,514,977) $ (35,898,234)
Net loss per common share - Basic $ (2.16) $ (5.03)
Net loss per common share - Diluted $ (2.16) $ (5.03)
Weighted average common shares outstanding - Basic 9,045,320 7,142,970
Weighted average common shares outstanding - Diluted 9,045,320 7,142,970