v3.26.1
Segment Information
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information

Note 10. Segment Information

 

The Company operates in one reportable segment related to the development and commercialization of pharmaceuticals targeting neurologic and neuropsychiatric disorders. The CODM for the Company is the Chief Executive Officer (the “CEO”). The Company’s CEO reviews operating results on an aggregate basis and manages the Company’s operations as a whole for the purpose of evaluating financial performance and allocating resources. Accordingly, the Company has determined that it has a single reportable and operating segment structure. The CEO uses aggregate net loss to allocate resources in the annual budgeting and forecasting process and also uses that measure as a basis for evaluating financial performance regularly by comparing actual results with established budgets and forecasts.

 

The accounting policies of the Company’s single segment are the same as those described in the summary of significant accounting policies within Note 1. The CEO assesses performance for the Company and decides how to allocate resources based on the aggregate net loss that is also reported on the income statement as net loss. The measure of segment assets is reported on the balance sheets as total assets.

 

The table below provides information about the Company’s revenue, significant segment expenses and other segment expenses.

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
Revenues  $   $ 
           
Operating costs:          
General and administrative expenses   8,773,329    4,712,753 
Research and development expenses   1,719,783    3,305,575 
Total operating costs   10,493,112    8,018,328 
           
Other income (expense):          
Interest income   98,911    165,669 
Other expense   (13,072)    
Unrealized loss on short-term investment   (35,212)    
Total other income, net   50,627    165,669 
Segment net loss   (10,442,485)   (7,852,659)