XML 20 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Collaboration revenue $ 0 $ 2,016,000 $ 0 $ 7,052,000
Total revenue 0 2,016,000 0 7,052,000
Operating expenses:        
Research and development expense 0 4,805,000 1,423,000 18,694,000
General and administrative expense 2,397,000 2,416,000 11,155,000 8,783,000
Loss from sale of property and equipment 920,000 0 920,000 0
Total operating expenses 3,317,000 7,221,000 13,498,000 27,477,000
Operating loss (3,317,000) (5,205,000) (13,498,000) (20,425,000)
Other income (expense), net:        
Change in fair value of investment in convertible notes receivable (2,000,000) 0 (2,000,000) 0
Dividend income 13,000 41,000 45,000 59,000
Interest income 4,000 4,000 28,000 7,000
Interest expense 0 0 0 (595,000)
Other income (expense), net 44,000 0 (2,000) (24,000)
Total other income (expense), net (1,939,000) 45,000 (1,929,000) (553,000)
Net loss before provision for income taxes (5,256,000) (5,160,000) (15,427,000) (20,978,000)
Provision for income taxes 0 0 0 0
Net loss $ (5,256,000) $ (5,160,000) $ (15,427,000) $ (20,978,000)
Basic loss per common share (in dollars per share) $ (0.61) $ (1.04) $ (1.98) $ (4.66)
Diluted loss per common share (in dollars per share) $ (0.61) $ (1.04) $ (1.98) $ (4.66)
Weighted-average basic common shares outstanding (in shares) 8,650,402 4,963,344 7,799,233 4,502,962
Weighted-average diluted common shares outstanding (in shares) 8,650,402 4,963,344 7,799,233 4,502,962