v3.26.1
Note 7 - Segment Reporting
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

Note 7 - Segment Reporting

 

Operating segments are defined as components of an entity for which separate discrete financial information is made available and that is regularly evaluated by the chief operating decision maker (“CODM”) in making decisions regarding resource allocation and assessing performance. The Company manages its operations as a single segment (the “Segment”) for the purposes of assessing performance and making operating decisions. The CODM of the Segment is the Company’s Chief Executive Officer. The Segment is focused on pioneering the discovery and development of gene therapies for use in patient populations with unmet medical needs. The accounting policies for the Segment are the same as those described in Note 2, Summary of Significant Accounting Policies. The CODM assesses the performance of the Segment and decides how to allocate resources based on net loss that is reported on the condensed consolidated statements of operations. Further, the following represents information about Segment loss and significant Segment expenses:

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Revenues

 $  $  $  $ 

Less:

                

Clinical and regulatory

  1,538,749   1,659,513   3,229,150   3,366,218 

Manufacturing

  423,306   472,598   1,035,518   955,663 

Research

  703,221   328,991   1,112,056   637,317 

General and administrative support

  1,750,354   1,761,764   3,414,455   3,048,187 

Non-cash expenses(1)

  68,354   458,918   186,989   643,690 

Realized and unrealized loss

  525         79 

Plus:

                

Other income

  37,290   6,881   69,038   11,652 

Realized and unrealized gain

     2   16    

Segment and net loss

 $(4,447,219) $(4,674,901) $(8,909,114) $(8,639,502)

 

(1) Includes $68,354 and $458,918 of stock-based compensation expense for the three months ended  June 30, 2026 and 2025, respectively.