v3.26.1
Royalty Interest Financing (Tables)
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Changes in the Liability Related to the Royalty Interest Financing
The following table shows the activity of the liability related to the sale of future royalties since the date of the Initial Investment through the period indicated:
December 31,
20252024
Upfront payment from the sale of future royalties$5,000,000 $5,000,000 
Debt issuance cost(276,101)(276,101)
Relative fair value of Initial Royalty Warrant(834,512)(834,512)
Royalty payments(8,284)(2,189)
Non-cash interest expense and interest payable associated with the sale of future royalties1,517,485 862,626 
Liability related to the sale of future royalties$5,398,588 $4,749,824