v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Collaboration Revenue $ 0 $ 16,000,000
Total Revenue 0 16,000,000
Operating Expenses:    
General and Administrative 1,489,398 1,296,441
Research and Development 2,531,887 1,684,212
Collaboration and Research Credits (1,966,123) (190,553)
Change in Fair Value of Contingent Consideration 275,192 (12,194)
Total Operating Expenses 2,330,354 2,777,906
Operating (Loss) Income (2,330,354) 13,222,094
Other Income (Expense), Net:    
Interest Income, Net 276,633 223,047
Other (Expense) Income, Net (16,253) 8,066
Total Other Income, Net 260,380 231,113
(Loss) Income Before Income Tax Expense (2,069,974) 13,453,207
Income Tax Expense (123,006) 0
Net (Loss) Income (2,192,980) 13,453,207
Net (Loss) Income Attributable to Common Shareholders (2,192,980) 13,453,207
Net (Loss) Income Attributable to Common Shareholders $ (2,192,980) $ 13,453,207
Net (Loss) Income per Common Share - Basic (in usd per share) $ (0.52) $ 4.67
Weighted Average Shares Outstanding - Basic (in shares) 4,217,007 2,881,796
Net (Loss) Income per Common Share - Diluted (in usd per share) $ (0.52) $ 3.46
Weighted Average Shares Outstanding - Diluted (in shares) 4,217,007 3,891,722
Other Comprehensive (Loss) Income:    
Net (Loss) Income $ (2,192,980) $ 13,453,207
Unrealized Loss on Marketable Securities (16,099) 0
Foreign Currency Translation Adjustments 1,072 (81,573)
Comprehensive (Loss) Income $ (2,208,007) $ 13,371,634

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