v3.26.1
Business Segment:
6 Months Ended
Jun. 30, 2026
Business Segment:  
Business Segment:

Note 10 – Business Segment:

The Company operates in one business segment, which consists of research and development activities related to developing therapeutics for neurodegenerative diseases. This determination is consistent with the financial information regularly provided to the Company’s chief operating decision makers (“CODM”). The Company’s CODM for the research and development business is its Chief Medical Officer, in conjunction with the Executive Chairman of the Board, who reviews and evaluates net loss for purposes of assessing performance, making operating decisions, allocating resources, and planning and forecasting for future periods.

The Company’s cryptocurrency treasury strategy is managed by the Executive Chairman of the Board in conjunction with the Company’s Chairman of the Audit Committee of the Board and does not represent a separate business segment.

In addition to the significant expense categories included within net loss presented on the Company’s Condensed Consolidated Statements of Comprehensive Income, the following table disaggregates the components of research and development expenses:

For the Three Months Ended June 30, 

For the Six Months Ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

External clinical development expenses

$

10,353

$

84,457

$

20,704

$

110,648

Personnel related and stock-based compensation

 

7,013

 

44,258

 

9,525

 

57,083

Other research and development expenses

 

14,489

 

19,840

 

30,226

 

41,640

Total research and development expenses

$

31,855

$

148,555

$

60,455

$

209,371