v3.26.1
SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

The Company’s CODM views specific categories within research and development expenses and general and administrative expenses as significant given the direct correlation between cash burn as a pre-revenue company. The table below is a summary of the segment loss, including significant segment expenses:

 

 

 

 

Year Ended December 31,

 

 

 

 

2025

 

 

 

2024

 

Expenses:

 

 

 

 

 

 

 

 

Research and development:

 

 

 

 

 

 

 

 

SP-3164

 

 

$

56,297

 

 

 

$

345,580

 

SP-2577

 

 

 

4,541

 

 

 

 

424,447

 

IMP3ACT

 

 

 

307,332

 

 

 

 

-

 

Acquired in-process research and development asset

 

 

 

8,517,966

 

 

 

 

-

 

General and administrative:

 

 

 

 

 

 

 

 

Professional services and Consulting

 

 

 

1,933,990

 

 

 

 

2,692,815

 

Personnel cost

 

 

 

1,089,669

 

 

 

 

1,472,811

 

Facility cost

 

 

 

704,157

 

 

 

 

798,663

 

Loss from operations

 

 

 

12,613,952

 

 

 

 

5,734,316

 

Interest income, net

 

 

 

95,472

 

 

 

 

158,539

 

Net loss

 

$

 

12,518,480

 

 

$

 

5,575,777