| Reconciliation of Segment Net Loss to Consolidated Net Loss |
The following table presents financial information, including significant segment expenses, which are regularly provided to the CODM and included within segment and consolidated net loss:
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
Revenues |
|
$ |
186,984 |
|
|
$ |
— |
|
Operating expenses, excluding stock-based compensation |
|
|
|
|
|
|
Costs of services |
|
|
170,101 |
|
|
|
— |
|
Research, development and patents |
|
|
1,107,966 |
|
|
|
1,715,611 |
|
General and administrative |
|
|
1,336,962 |
|
|
|
1,200,956 |
|
Total operating expenses, excluding stock-based compensation |
|
|
2,615,029 |
|
|
|
2,916,567 |
|
Stock-based compensation |
|
|
|
|
|
|
Research, development and patents |
|
|
154,548 |
|
|
|
124,191 |
|
General and administrative |
|
|
253,213 |
|
|
|
161,752 |
|
Total stock-based compensation |
|
|
407,761 |
|
|
|
285,943 |
|
Total operating expenses |
|
|
3,022,790 |
|
|
|
3,202,510 |
|
Operating loss |
|
|
(2,835,806 |
) |
|
|
(3,202,510 |
) |
Interest income |
|
|
252,964 |
|
|
|
336,111 |
|
Other income (expense), net |
|
|
(3,416 |
) |
|
|
2,279 |
|
Segment and consolidated net loss |
|
$ |
(2,586,258 |
) |
|
$ |
(2,864,120 |
) |
|