Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue    
Royalty revenue $ 2,500,284 $ 2,539,986
Total revenue 2,500,284 2,539,986
Operating costs and expenses:    
Research and development (3,288,332) (3,494,765)
General and administrative (3,416,380) (3,560,936)
Total operating costs and expenses (6,704,712) (7,055,701)
Loss from operations (4,204,428) (4,515,715)
Other income (expense):    
Other (expense) income (5,708) 25,380
Interest income, net 249,861 355,757
Total other income, net 244,153 381,137
Net loss $ (3,960,275) $ (4,134,578)
Basic net loss per share $ (2.57) $ (2.71)
Diluted net loss per share $ (2.57) $ (2.71)
Weighted-average shares of common stock outstanding, basic 1,541,339 1,528,210
Weighted-average shares of common stock outstanding, diluted 1,541,339 1,528,210