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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue:    
Licensing revenue
Expenses:    
General and administrative 3,532,302 4,545,884
Research and development 279,489
Depreciation and amortization 11,835 15,004
Total operating expenses 3,823,626 4,560,888
Loss from operations (3,823,626) (4,560,888)
Other income (expense):    
Forgiveness of accounts payable 351,241
Interest income 55,434 11,689
Sale of royalty and milestone rights, net of transaction costs 4,167,219
Other income (expense), net 1,416 (2,615)
Net Income (Loss) 400,443 (4,200,573)
Dividends paid on preferred shares (68,809) (561,381)
Net income (loss) attributable to common stockholders $ 331,634 $ (4,761,954)
Basic income (loss) per share $ 0.68 $ (0.11)
Diluted income (loss) per share $ 0.68 $ (0.11)
Basic weighted average shares outstanding 488,392 450,374
Diluted weighted average shares outstanding 488,392 450,374