XML 21 R10.htm IDEA: XBRL DOCUMENT v3.26.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2026
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

NOTE 3 – COMMITMENTS AND CONTINGENCIES:

a.License Agreements

CRT Pioneer Fund License Agreement

There have been no material changes to the CRT Pioneer Fund License Agreement, as previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 11, 2026 (see Note 5a in the Notes to the Financial Statements in our Annual Report).

Any potential future milestone or royalty payment amounts have not been accrued as of March 31, 2026 and December 31, 2025 due to the uncertainty related to the achievement of these events or milestones.  

University of Edinburgh License Agreement

There have been no material changes to the University of Edinburgh (“UoE”) License Agreement as previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 11, 2026 (see Note 5a in the Notes to the Financial Statements in our Annual Report).  

Any potential future research support, milestone or royalty payment amounts have not been accrued as of March 31, 2026 and December 31, 2025, due to the uncertainty related to the achievement of these events, milestones or commitments to additional research. As of March 31, 2026, the Company has paid UoE $1.2 million of the total of up to $3.0 million related to the fund-raising commitment.

b.Related Party Transactions

There were no related party transactions in the reported quarter.

c.Contingencies

As of March 31, 2026, and December 31, 2025, there are no contingent liabilities, therefore, no provision was made.