v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Revenue $ 0 $ 0 $ 0 $ 0
Total revenue 0 0 0 0
Operating expenses:        
Research and development expense 174,000 935,000 486,000 1,743,000
General and administrative expense 889,000 1,514,000 2,180,000 3,731,000
Loss (Gain) on disposal of assets (9,000) 60,000 28,000 86,000
Gain on early lease termination 0 0 0 (5,974,000)
Total operating expenses 1,054,000 2,509,000 2,694,000 (414,000)
Operating (loss) income (1,054,000) (2,509,000) (2,694,000) 414,000
Other (expense) income, net:        
Dividend income 0 52,000 0 79,000
Interest income 11,000 4,000 11,000 9,000
Gain on settlement of accounts payables 0 0 0 191,000
Change in fair value of contingent liability (52,000) (159,000) (240,000) (295,000)
Other expense, net: (26,000) (9,000) (26,000) (9,000)
Total other expense, net (67,000) (112,000) (255,000) (25,000)
Net (loss) income before provision for income taxes (1,121,000) (2,621,000) (2,949,000) 389,000
Provision for income taxes 0 0 0 0
Net (loss) income $ (1,121,000) $ (2,621,000) $ (2,949,000) $ 389,000
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.18) $ (0.41) $ (0.46) $ 0.06
Diluted (in dollars per share) $ (0.18) $ (0.41) $ (0.46) $ 0.06
Weighted-average common shares outstanding:        
Basic (in shares) 6,373,928 6,317,744 6,373,915 6,245,408
Diluted (in shares) 6,373,928 6,317,744 6,373,915 6,255,755