| Schedule of Segment Income (Loss) Including Significant Segment Expenses |
The table below is a summary of the segment income (loss), including significant segment expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
|
2026 |
|
2025 |
|
2026 |
|
2025 |
|
Revenue |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
Research and development |
|
29,497 |
|
|
42,658 |
|
|
60,951 |
|
|
78,600 |
|
Non-commercial general and administrative |
|
13,665 |
|
|
17,042 |
|
|
27,766 |
|
|
37,657 |
|
Commercial general and administrative |
|
3,760 |
|
|
7,978 |
|
|
6,716 |
|
|
15,809 |
|
Restructuring |
|
- |
|
|
3,471 |
|
|
- |
|
|
3,471 |
|
Total operating expenses |
|
46,922 |
|
|
71,149 |
|
|
95,433 |
|
|
135,537 |
|
Loss from operations |
|
(46,922 |
) |
|
(71,149 |
) |
|
(95,433 |
) |
|
(135,537 |
) |
Gain on sale of PRV |
|
178,190 |
|
|
- |
|
|
178,190 |
|
|
- |
|
Interest expense |
|
(473 |
) |
|
(473 |
) |
|
(946 |
) |
|
(945 |
) |
Interest and other income, net |
|
347 |
|
|
483 |
|
|
508 |
|
|
1,819 |
|
Accretion of discount on investments, net |
|
693 |
|
|
2,220 |
|
|
1,922 |
|
|
4,410 |
|
Earnings (losses) before Income Taxes |
|
131,835 |
|
|
(68,919 |
) |
|
84,241 |
|
|
(130,253 |
) |
Provision for Income Taxes |
|
(8,621 |
) |
|
- |
|
|
(8,621 |
) |
|
- |
|
Net Segment income (loss) and Net income (loss) |
$ |
123,214 |
|
$ |
(68,919 |
) |
$ |
75,620 |
|
$ |
(130,253 |
) |
|