v3.25.1
Royalty Interest Financing (Tables)
3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Changes in the Liability Related to the Sale of Future Royalties
The following table shows the activity of the Royalty Obligation since the transaction inception through the period indicated:
March 31, 2025
Upfront payment from the sale of future royalties$5,000,000 
Debt issuance cost(276,101)
Relative fair value of Initial Royalty Warrant(834,512)
Royalty payments(4,639)
Non-cash interest expense and interest payable associated with the sale of future royalties948,497 
Liability related to the sale of future royalties$4,833,245