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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Licensing revenue
Expenses:        
Research and development 4,463 14,625 628,543 14,625
General and administrative 823,250 825,688 2,325,636 2,926,892
Loss from operations (827,713) (840,313) (2,954,179) (2,941,517)
Other income:        
Interest income 3,173 24,307 33,386 31,405
Sale of royalty and milestone rights, net of transaction costs 1,000,000 4,167,219
Other 17 1,372
Net income (loss) (824,540) (815,989) (1,920,793) 1,258,479
Dividends paid on preferred shares (68,809)
Net income (loss) attributable to common stockholders $ (824,540) $ (815,989) $ (1,920,793) $ 1,189,670
Total basic income (loss) per share $ (1.67) $ (1.65) $ (3.88) $ 2.59
Total diluted income (loss) per share $ (1.67) $ (1.65) $ (3.88) $ 2.59
Basic weighted-average shares outstanding 495,092 495,092 495,092 486,101
Diluted weighted-average shares outstanding 495,092 495,092 495,092 486,101