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SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 8: SEGMENT INFORMATION

 

During the three and six months ended June 30, 2026 and 2025, the Company operated in one business segment, focusing on immunotherapy research. The Company’s chief operating decision maker (“CODM”) is the chief executive officer. The CODM assesses performance for the segment based on operating expenses as reported in the accompanying unaudited condensed consolidated statements of operations.

 

As such, the CODM uses cash forecast models in deciding how to invest into the segment. Such cash forecast models are reviewed to assess the entity-wide operating results and performance. Net loss is used to monitor budget versus actual results. Monitoring budgeted versus actual results is used in assessing performance of the segment.

 

The following table presents reportable segment loss, including significant expenses regularly provided to the CODM, attributable to the Company’s reportable segment for the three and six months ended June 30, 2026 and 2025:

 

   2026   2025   2026   2025 
  

For the Three Months

Ended June 30,

  

For the Six Months Ended

June 30,

 
   2026   2025   2026   2025 
Research and development                    
External research and development  $317,979   $1,687,877   $677,169   $4,003,989 
Internal personnel costs   45,148    479,237    177,092    973,965 
Total research and development   363,127    2,167,114    854,261    4,977,954 
General and administrative   1,445,739    2,289,649    3,114,193    4,051,368 
                     
Total operating expenses   1,808,866    4,456,763    3,968,454    9,029,322 
                     
Other income (expense)                    
Warrant repricing   -    -    (410,154)   - 
Change in fair value of convertible promissory notes   -    (787,703)   -    (787,703)
Other income, net   14,003    15,547   42,675    55,676
                     
Total other income (expense)   14,003    (772,156)   (367,479)   (732,027)
                     
Net loss  $(1,794,863)  $(5,228,919)  $(4,335,933)  $(9,761,349)