v3.25.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Condensed Consolidated Statements of Operations (unaudited)        
Revenue $ 2,733,000 $ 57,000 $ 2,790,000 $ 113,000
Operating expenses:        
Acquired in-process research and development   117,464,000   117,464,000
Research and development 2,291,000 3,964,000 4,797,000 5,876,000
General and administrative 1,691,000 1,977,000 4,445,000 5,333,000
Total operating expenses 3,982,000 123,405,000 9,242,000 128,673,000
Loss from operations (1,249,000) (123,348,000) (6,452,000) (128,560,000)
Change in fair value of warrant liability 146,000   26,659,000  
Other income, net 188,000 205,000 368,000 434,000
Net (loss) income (915,000) (123,143,000) 20,575,000 (128,126,000)
Net (loss) income attributable to common stockholders, basic (625,000) (20,774,000) 14,860,000 (34,716,000)
Net (loss) income attributable to common stockholders, diluted $ (625,000) $ (20,774,000) $ 14,860,000 $ (34,716,000)
Weighted-average shares of common stock outstanding, basic (in shares) 5,820,903 1,012,430 7,359,825 927,084
Net (loss) income per share of common stock, basic (in dollars per share) $ (0.11) $ (20.52) $ 2.02 $ (37.45)
Weighted-average shares of common stock outstanding, diluted (in shares) 5,820,903 1,012,430 7,614,325 927,084
Net (loss) income per share of common stock, diluted (in dollars per share) $ (0.11) $ (20.52) $ 1.95 $ (37.45)
Net (loss) income attributable to Series C Preferred stockholders, basic $ (290,000) $ (102,369,000) $ 5,715,000 $ (93,410,000)
Net (loss) income attributable to Series C Preferred stockholders, diluted $ (290,000) $ (102,369,000) $ 5,715,000 $ (93,410,000)
Weighted-average shares of Series C Preferred outstanding, basic (in shares) 6,759 12,473 7,077 6,236
Weighted-average shares of Series C Preferred outstanding, diluted (in shares) 6,759 12,473 7,077 6,236
Net (loss) income per share of Series C Preferred, basic (in dollars per share) $ (42.91) $ (8,207.46) $ 807.55 $ (14,978.34)
Net (loss) income per share of Series C Preferred, diluted (in dollars per share) $ (42.91) $ (8,207.46) $ 807.55 $ (14,978.34)