XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.25.2

Acquisition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Acquisition | The Company recognized the following in closing costs as of the closing date of the PanTHERA Transaction:
(In thousands) |
Cash paid at close of acquisition | $ | 9,545 |
Indemnity escrow amount(1) | 350 |
Transaction expenses(2) | 609 |
Carrying value of equity interest(3) | 995 |
Cash in lieu of stock payment(4) | 995 |
Stock issued to PanTHERA Sellers(5) | 4,455 |
Gross closing cost consideration | 16,949 |
Less: extinguishment of pre-existing liability(6) | (150) |
Total closing cost consideration | $ | 16,799 |
(1) Represents the amount transferred to the escrow agent as of the closing date of the PanTHERA Transaction to cover any losses arising from a breach of representations as agreed upon within the PanTHERA Transaction. This amount will be held in escrow for 18 months following the closing date. (2) Represents the costs incurred by the Company ($0.5 million) and on behalf of PanTHERA Sellers ($0.1 million) in connection with the PanTHERA Transaction, including fees to be paid to attorneys and other external parties. (3) Represents the original investment amount by the Company in PanTHERA in November 2020. This was added to the overall consideration paid to determine the costs to allocate to assets acquired in the PanTHERA Transaction. (4) Represents portion of common stock payout to PanTHERA Sellers that was elected to be distributed in cash rather than stock compensation. (5) Represents market value of 213,360 shares of the Company's common stock issued to the PanTHERA Sellers as of the closing date of the PanTHERA Transaction in accordance with its terms.. (6) Represents pre-existing liability of the Company from milestone development payments under the PanTHERA Development and License Agreement.

X
- Definition Tabular disclosure of asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 + Details
Name: | us-gaap_AssetAcquisitionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration