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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating expenses        
Research and development $ (23,662,147) $ (8,703,849) $ (36,676,194) $ (16,118,949)
General and administrative (6,916,054) (4,482,041) (13,722,500) (9,998,510)
Total operating expenses (30,578,201) (13,185,890) (50,398,694) (26,117,459)
Operating loss (30,578,201) (13,185,890) (50,398,694) (26,117,459)
Other income, net 5,898,148 842,652 11,813,372 1,566,242
Loss before income tax (24,680,053) (12,343,238) (38,585,322) (24,551,217)
Income tax expense (78,701) (10,149) (148,953) (21,157)
Net loss (24,758,754) (12,353,387) (38,734,275) (24,572,374)
Of which: net loss attributable to controlling interests shareholders (24,267,012) (10,139,279) (37,940,668) (19,144,135)
Of which: net loss attributable to noncontrolling interests shareholders (491,742) (2,214,108) (793,607) (5,428,239)
Net unrealized gain (loss) on marketable securities and short term investments 652,097 (415,225) 834,370 (390,753)
Actuarial gain (loss) on employee benefit plans (76,479) (16,336) 4,751 (58,481)
Other comprehensive income (loss) 575,618 (431,561) 839,121 (449,234)
Comprehensive loss (24,183,136) (12,784,948) (37,895,154) (25,021,608)
Comprehensive loss attributable to controlling interests shareholders (23,703,201) (10,488,185) (37,118,908) (19,505,667)
Comprehensive loss attributable to noncontrolling interests $ (479,935) $ (2,296,763) $ (776,246) $ (5,515,941)
Weighted-average number of shares, basic (in shares) 62,874,637 43,718,464 62,755,925 41,403,084
Weighted-average number of shares, diluted (in shares) 62,874,637 43,718,464 62,755,925 41,403,084
Basic net loss per share attributable to controlling interest shareholders (USD per share) $ (0.39) $ (0.23) $ (0.60) $ (0.46)
Diluted net loss per share attributable to controlling interest shareholders (USD per share) $ (0.39) $ (0.23) $ (0.60) $ (0.46)
Common Class A        
Operating expenses        
Weighted-average number of shares, basic (in shares) 62,874,637 43,718,464 62,755,925 41,403,084
Weighted-average number of shares, diluted (in shares) 62,874,637 43,718,464 62,755,925 41,403,084
Basic net loss per share attributable to controlling interest shareholders (USD per share) $ (0.39) $ (0.23) $ (0.60) $ (0.46)
Diluted net loss per share attributable to controlling interest shareholders (USD per share) $ (0.39) $ (0.23) $ (0.60) $ (0.46)