XML 44 R38.htm IDEA: XBRL DOCUMENT
v3.25.3

Segment Reporting (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Significant Segment Expenses, Segment Net Revenues, and the Segment Performance Measure, Net Loss | The following table presents the details of the significant segment expenses, segment net revenues, and the segment performance measure, net loss, in the periods indicated:
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Total revenue | $ | 60,975 |  |  | $ | 213,901 |  |  | $ | 330,975 |  |  | $ | 632,530 |
Less significant expenses: |  |  |  |  |  |  |  |  |  |  |
Professional fees |  | 879,408 |  |  |  | 658,003 |  |  |  | 2,711,849 |  |  |  | 2,008,393 |
Operations and research (excluding compensation) |  | 646,610 |  |  |  | 1,186,802 |  |  |  | 1,579,264 |  |  |  | 2,784,798 |
Compensation: |  |  |  |  |  |  |  |  |  |  |
Salaries and Wages |  | 838,578 |  |  |  | 717,639 |  |  |  | 4,567,265 |  |  |  | 2,427,541 |
Share-based compensation |  | 45,742 |  |  |  | 101,785 |  |  |  | 137,226 |  |  |  | 1,666,318 |
Total Compensation |  | 884,320 |  |  |  | 819,424 |  |  |  | 4,704,491 |  |  |  | 4,093,859 |
Total Significant Expenses |  | 2,410,338 |  |  |  | 2,664,229 |  |  |  | 8,995,604 |  |  |  | 8,887,050 |
Other segment items (gain)/loss (1) |  | 11,158,823 |  |  |  | (18,685,763 | ) |  |  | 22,398,708 |  |  |  | (21,682,196 | )
Total Significant Expenses and Other Segment Items | $ | 13,569,161 |  |  | $ | (16,021,534 | ) |  | $ | 31,394,312 |  |  | $ | (12,795,146 | )
Net Income/(Loss) | $ | (13,508,186 | ) |  | $ | 16,235,435 |  |  | $ | (31,063,337 | ) |  | $ | 13,427,676 |
(1) Includes other expenses within Marketing, General and Administrative and Operations and Research which are not significant individually or in the aggregate and not included within Significant Expenses above; as well as, Interest income, Interest Expense, Loss on equity method investment, Change in derivative liabilities fair value, and Other, as reported in our condensed consolidated statements of operations.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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