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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Licensing revenue
Expenses:        
Research and development 593,784 624,080
General and administrative 700,784 1,021,166 1,502,386 2,101,204
Loss from operations (1,294,568) (1,021,166) (2,126,466) (2,101,204)
Other income:        
Interest income 11,581 2,831 30,213 7,098
Sale of royalty and milestone rights, net of transaction costs 4,167,219 1,000,000 4,167,219
Other income, net 82 1,355
Net income (loss) (1,282,987) 3,148,966 (1,096,253) 2,074,468
Dividends paid on preferred shares (68,809)
Net income (loss) attributable to common stockholders $ (1,282,987) $ 3,148,966 $ (1,096,253) $ 2,005,659
Total basic income (loss) per share $ (2.59) $ 6.45 $ (2.21) $ 4.31
Total diluted income (loss) per share $ (2.59) $ 6.45 $ (2.21) $ 4.31
Basic weighted-average shares outstanding 495,092 488,398 495,092 481,142
Diluted weighted-average shares outstanding 495,092 488,398 495,092 481,142