v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Revenue $ 0 $ 0
Total revenue 0 0
Operating expenses:    
Research and development expense 312,000 808,000
General and administrative expense 1,291,000 2,217,000
Loss on disposal of assets 37,000 26,000
Gain on early lease termination 0 (5,974,000)
Total operating expenses 1,640,000 (2,923,000)
Operating (loss) income (1,640,000) 2,923,000
Other (expense) income, net:    
Dividend income 0 27,000
Interest income 0 5,000
Gain on settlement of accounts payables 0 191,000
Change in fair value of contingent liability (188,000) (136,000)
Total other (expense) income, net (188,000) 87,000
Net (loss) income before provision for income taxes (1,828,000) 3,010,000
Provision for income taxes 0 0
Net (loss) income $ (1,828,000) $ 3,010,000
Net (loss) income per common share:    
Basic (in dollars per share) $ (0.29) $ 0.49
Diluted (in dollars per share) $ (0.29) $ 0.49
Weighted-average common shares outstanding:    
Basic (in shares) 6,373,903 6,172,268
Diluted (in shares) 6,373,903 6,182,679