v3.25.2
Condensed Consolidated Statements of Comprehensive Loss - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Expenses    
Research and development expenses $ (4,071,000) $ (11,265,000)
Administrative expenses (8,309,000) (14,378,000)
Total Expenses (12,380,000) (25,643,000)
Loss from operations (12,380,000) (25,643,000)
Interest income 3,672,000 2,840,000
Other income, net 54,000 5,481,000
Equity in loss of affiliates   (1,038,000)
Loss from continuing operations before income tax expense (8,654,000) (18,360,000)
Income tax expense 0 0
Loss from continuing operations (8,654,000) (18,360,000)
Discontinued operations:    
Loss from operations of discontinued operations   (6,898,000)
Gain on sale of discontinued operations   34,364,000
Gain from discontinued operations   27,466,000
Net income (loss) (8,654,000) 9,106,000
Other comprehensive income (loss):    
Unrealized gain on available-for-sale debt securities, net of tax 3,644,000  
Foreign currency translation adjustments, net of tax 11,000 746,000
Total comprehensive income (loss) $ (4,999,000) $ 9,852,000
Weighted-average number of ordinary shares used in calculating net income (loss) per share - basic 187,794,543 186,001,615
Weighted-average number of ordinary shares used in calculating net income (loss) per share - diluted 187,794,543 186,001,615
Net loss from continuing operations per share - basic $ (0.05) $ (0.1)
Net loss from continuing operations per share - diluted (0.05) (0.1)
Net income from discontinued operations per share - basic   0.15
Net income from discontinued operations per share - diluted   0.15
Net income (loss) per share - basic (0.05) 0.05
Net income (loss) per share - diluted (0.05) 0.05
ADS    
Other comprehensive income (loss):    
Net loss from continuing operations per share - basic (0.11) (0.23)
Net loss from continuing operations per share - diluted (0.11) (0.23)
Net income from discontinued operations per share - basic   0.34
Net income from discontinued operations per share - diluted   0.34
Net income (loss) per share - basic (0.11) 0.11
Net income (loss) per share - diluted $ (0.11) $ 0.11