| Schedule of Other Financial Information Regarding The Company’s Operating Segment |
See the
consolidated financial statements for other financial information regarding the Company’s operating segment.
| | |
Year
Ended December 31, | |
| | |
2025 | | |
2024 | |
| Government grant
revenue | |
$ | — | | |
$ | 100 | |
| Operating expenses: | |
| | | |
| | |
| Research personnel
compensation costs, including stock-based compensation | |
| 1,427 | | |
| 1,350 | |
| CRO and regulatory
costs | |
| 837 | | |
| 36 | |
| Administrative
personnel compensation costs, including stock-based compensation | |
| 5,908 | | |
| 1,592 | |
| Rent and office
costs | |
| 631 | | |
| 279 | |
| Legal and accounting
costs | |
| 2,575 | | |
| 1,223 | |
| Transaction costs | |
| 14,483 | | |
| — | |
| Other expenses(1) | |
| 1,845 | | |
| 120 | |
| Total segment expenses | |
| 27,706 | | |
| 4,600 | |
| Loss from operations | |
| (27,706 | ) | |
| (4,500 | ) |
| Other income
(expense) | |
| | | |
| | |
| Gain (loss) on
change in the fair value of convertible notes | |
| (3,378) | | |
| (311 | ) |
| Gain on the change
in fair value of warrant liabilities | |
| 895 | | |
| — | |
| Loss on change
in fair value of digital assets | |
| (555 | ) | |
| — | |
| Interest expense (including related parties amounts of $1,330 and $2,400 for the years ended December 31, 2025 and 2024, respectively) | |
| (2,521 | ) | |
| (4,424 | ) |
| Financing costs | |
| (2,574 | ) | |
| — | |
| Other income | |
| 16 | | |
| 5 | |
| Total other expense, net | |
| (8,117 | ) | |
| (4,730 | ) |
| Net loss | |
$ | (35,823 | ) | |
$ | (9,230 | ) |
| (1) | Other expenses includes public relations costs, insurance costs, accounting fees, and small balances of research materials and supplies. |
|