Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Significant Accounting Policies

Schedule of property and equipment, net

	June 30,		December 31,
	2024		2023
		Successor		Successor
Furniture and fixtures	$	199	$	199
Equipment		237		237
Leasehold improvements		66		66
Property and equipment		502		502
Accumulated depreciation		(220)		(170)
Property and equipment, net	$	282	$	332

Schedule of other accrued expenses

		June 30,		December 31,
		2024		2023
		Successor		Predecessor
Legal expenses	$	1,961	$	1,867
Excise tax liability		569		569
Operating lease liability - short term portion		134		278
Daewoong vial usage		444		33
Remaining other accrued expenses		710		843
Total other accrued expenses	$	3,818	$	3,590

Schedule of basic and diluted net income (loss) per share

Basic and diluted net loss per share for the three and six months ended June 30, 2023 (Predecessor) were calculated as follows (in thousands, except share and per share amounts) (unaudited):

Three months ended June 30, 2023 (Predecessor)
Net loss	$	(15,379)
Weighted average common shares outstanding, basic and diluted		138,825,356
Net loss per share, basic and diluted	$	(0.11)

Six months ended June 30, 2023 (Predecessor)
Net loss	$	(33,018)
Weighted average common shares outstanding, basic and diluted		138,825,356
Net loss per share, basic and diluted	$	(0.24)

Basic and diluted net income per share for the three and six months ended June 30, 2024 (Successor) were calculated as follows (in thousands, except share and per share amounts) (unaudited):

Three months ended June 30, 2024 (Successor)
Net income	$	164,112
Weighted average common shares outstanding, basic and diluted		38,843,627
Net income per share, basic and diluted	$	4.22

Six months ended June 30, 2024 (Successor)
Net income	$	46,094
Weighted average common shares outstanding, basic and diluted		38,055,850
Net income per share, basic and diluted	$	1.21

Schedule of potentially dilutive securities outstanding have been excluded from the computation of diluted weighted average shares outstanding because such securities have an anti-dilutive impact

	June 30,	June 30,
	2024	2023
	Successor	Predecessor
Warrants	3,988,952	—
Contingent consideration	16,000,000	—
Contingent founder shares	3,450,000	—
Convertible preferred stock outstanding	—	21,257,708
Common stock options and restricted stock units	5,213,608	10,864,256
	28,652,560	32,121,964