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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
License fees $ 26,000   $ 26,000  
Total revenues 26,000   26,000  
Operating expenses:        
General and administrative 351,000 $ 318,000 677,000 $ 603,000
Total operating expenses 351,000 318,000 677,000 603,000
Operating loss (325,000) (318,000) (651,000) (603,000)
Interest and dividend income 605,000 553,000 1,252,000 1,000,000
Income before income tax expense 280,000 235,000 601,000 397,000
Income tax expense (4,000) (52,000) (5,000) (17,000)
Net income 276,000 183,000 596,000 380,000
Accretion of dividend on Series C preferred stock (531,000) (531,000) (1,062,000) (1,062,000)
Net loss available to common shareholders $ (255,000) $ (348,000) $ (466,000) $ (682,000)
Loss per common share        
Basic (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ (0.01)
Diluted (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ (0.01)
Weighted-average number of shares - basic (in shares) 74,215 74,215 74,215 74,215
Weighted-average number of shares - diluted (in shares) 74,215 74,215 74,215 74,215