v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Condensed Consolidated Statements of Operations        
Revenue   $ 2,733,000   $ 2,790,000
Operating expenses:        
Research and development $ 1,101,000 2,291,000 $ 6,013,000 4,797,000
General and administrative 3,479,000 1,691,000 5,513,000 4,445,000
Other operating income (1,405,000)   (1,405,000)  
Total operating expenses 3,175,000 3,982,000 10,121,000 9,242,000
Loss from operations (3,175,000) (1,249,000) (10,121,000) (6,452,000)
Change in fair value of warrant liability 215,000 146,000 56,000 26,659,000
Other (loss) income, net (94,000) 188,000 (96,000) 368,000
Net (loss) income (3,054,000) (915,000) (10,161,000) 20,575,000
Net (loss) income attributable to common stockholders, basic (2,611,000) (625,000) (8,446,000) 14,860,000
Net (loss) income attributable to common stockholders, diluted $ (2,611,000) $ (625,000) $ (8,446,000) $ 14,860,000
Weighted-average shares of common stock outstanding, basic (in shares) 15,864,041 5,820,903 13,266,763 7,359,825
Net (loss) income per share of common stock, basic (in dollars per share) $ (0.16) $ (0.11) $ (0.64) $ 2.02
Weighted-average shares of common stock outstanding, diluted (in shares) 15,864,041 5,820,903 13,266,763 7,614,325
Net (loss) income per share of common stock, diluted (in dollars per share) $ (0.16) $ (0.11) $ (0.64) $ 1.95
Net (loss) income attributable to Series C Preferred stockholders, basic $ (443,000) $ (290,000) $ (1,715,000) $ 5,715,000
Net (loss) income attributable to Series C Preferred stockholders, diluted $ (443,000) $ (290,000) $ (1,715,000) $ 5,715,000
Weighted-average shares of Series C Preferred outstanding, basic (in shares) 6,737 6,759 6,737 7,077
Weighted-average shares of Series C Preferred outstanding, diluted (in shares) 6,737 6,759 6,737 7,077
Net (loss) income per share of Series C Preferred, basic (in dollars per share) $ (65.76) $ (42.91) $ (254.56) $ 807.55
Net (loss) income per share of Series C Preferred, diluted (in dollars per share) $ (65.76) $ (42.91) $ (254.56) $ 807.55