v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Collaboration Revenue $ 0 $ 0 $ 0 $ 16,000,000
Grant Revenue 0 20,000 0 20,000
Total Revenue 0 20,000 0 16,020,000
Operating Expenses:        
General and Administrative 1,353,850 1,537,973 2,843,248 2,834,414
Research and Development 2,590,489 2,048,665 5,122,376 3,732,877
Collaboration and Research Credits (1,685,917) (1,141,985) (3,652,040) (1,332,538)
Change in Fair Value of Contingent Consideration 137,774 120,234 412,966 108,040
Total Operating Expenses 2,396,197 2,564,887 4,726,550 5,342,793
Operating (Loss) Income (2,396,197) (2,544,887) (4,726,550) 10,677,207
Other Income (Expense), Net:        
Interest Income, Net 225,237 342,102 501,870 565,149
Other (Expense) Income, Net (93,556) (18,861) (109,809) (10,795)
Total Other Income, Net 131,680 323,241 392,060 554,354
(Loss) Income Before Income Tax Expense (2,264,516) (2,221,646) (4,334,490) 11,231,561
Income Tax (Expense) Benefit 112,057 0 (10,949) 0
Net (Loss) Income (2,152,459) (2,221,646) (4,345,439) 11,231,561
Net (Loss) Income Attributable to Common Shareholders (2,152,459) (2,221,646) (4,345,439) 11,231,561
Net (Loss) Income Attributable to Common Shareholders $ (2,152,459) $ (2,221,646) $ (4,345,439) $ 11,231,561
Net (Loss) Income per Common Share - Basic (in usd per share) $ (0.54) $ (0.53) $ (1.10) $ 3.19
Weighted Average Shares Outstanding - Basic (in shares) 3,989,042 4,170,627 3,936,649 3,526,211
Net (Loss) Income per Common Share - Diluted (in usd per share) $ (0.54) $ (0.53) $ (1.10) $ 2.79
Weighted Average Shares Outstanding - Diluted (in shares) 3,989,042 4,170,627 3,936,649 4,031,174
Other Comprehensive (Loss) Income:        
Net (Loss) Income $ (2,152,459) $ (2,221,646) $ (4,345,439) $ 11,231,561
Unrealized Loss on Marketable Securities (11,116) (2,828) (27,215) (2,828)
Foreign Currency Translation Adjustments 62,532 21,467 63,604 (60,106)
Comprehensive (Loss) Income $ (2,101,044) $ (2,203,007) $ (4,309,050) $ 11,168,627

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