XML 131 R10.htm IDEA: XBRL DOCUMENT
v3.24.3

Related Party Note Receivable | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Dec. 31, 2023
Related Party Note Receivable [Abstract] |  |
RELATED PARTY NOTE RECEIVABLE | NOTE 4 — RELATED PARTY NOTE RECEIVABLE On July 7, 2023, the Company entered into a loan agreement with Alpha Seven Therapeutics, Inc., (“Alpha Seven”) a related party through a common director and officers of the Company, to advance an amount up to $150,000. The unsecured outstanding balance carries an interest rate of 12% per annum, a term of 12 months, no payments are due until maturity. As of June 30, 2024, and December 31, 2023, the Company had advanced $55,000 and accrued interest of $4,195 and $2,550, respectively. As of June 30, 2024, management determined the credit risk of the loan to Alpha Seven had increased significantly since initial recognition and the Company recorded a provision for credit losses for the outstanding principal balance of $55,000 and reversed the accrued interest of $4,195 in the unaudited condensed interim consolidated statement of operations and comprehensive loss.
|  | Principal |  | Interest
Balance as of December 31, 2022 |  | $ | — |  |  | $ | — |
Loans advanced |  |  | 55,000 |  |  |  | — |
Interest accrued |  |  | — |  |  |  | 2,550 |
Balance as of December 31, 2023 |  | $ | 55,000 |  |  | $ | 2,550 |
Interest accrued |  |  | — |  |  |  | 1,645 |
Provision for credit losses |  |  | (55,000 | ) |  |  | — |
Reversal of accrued interest |  |  | — |  |  |  | (4,195 | )
Balance as of June 30, 2024 |  | $ | — |  |  | $ | — |
| NOTE 4 — RELATED PARTY NOTE RECEIVABLE On July 7, 2023, the Company entered into a loan agreement with Alpha Seven Therapeutics, Inc., (“Alpha Seven”) a related party through a common director and officers of the Company, to advance an amount up to $150,000. The unsecured outstanding balance carries an interest rate of 12% per annum, a term of 12 months, no payments are due until maturity. As of December 31, 2023, the Company has advanced $55,000 and accrued interest of $2,550.

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

X
- References No definition available. + Details
Name: | acog_RelatedPartyNoteReceivableTextBlock
Namespace Prefix: | acog_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration