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Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information

Note 7. Segment Information

 

The Company operates in one reportable segment related to the development and commercialization of pharmaceuticals targeting neurologic and neuropsychiatric disorders. The CODM for the Company is the Chief Executive Officer (the “CEO”). The Company’s CEO reviews operating results on an aggregate basis and manages the Company’s operations as a whole for the purpose of evaluating financial performance and allocating resources. Accordingly, the Company has determined that it has a single reportable and operating segment structure. The CEO uses aggregate net loss to allocate resources in the annual budgeting and forecasting process and also uses that measure as a basis for evaluating financial performance regularly by comparing actual results with established budgets and forecasts.

 

The accounting policies of the Company’s single segment are the same as those described in the summary of significant accounting policies within Note 1. The CEO assesses performance for the Company and decides how to allocate resources based on the aggregate net loss that is also reported on the statement of operations as net loss. The measure of segment assets is reported on the balance sheets as total assets.

 

The table below provides information about the Company’s revenue, significant segment expenses and other segment expenses.

 

   2025   2024 
   Three Months Ended June 30, 
   2025   2024 
Revenues  $—   $— 
Less segment expenses:          
Research and development   42,839    594,801 
Related party travel costs   -    - 
General and administrative   5,028,158    879,695 
Loss from operations  $5,070,997    1,474,496 
Plus:          
Interest income (expense),net   22    25,493 
Segment net loss  $(5,070,975)  $(1,449,003)

 

   2025   2024 
   Six Months Ended June 30, 
   2025   2024 
Revenues  $—   $— 
Less segment expenses:          
Research and development   379,835    1,398,824 
Related party travel costs   -    370,500 
General and administrative   6,877,857    1,621,237 
Loss from operations  $7,257,692    3,390,561 
Plus:          
Interest income (expense),net   7,974    (4,313,049)
Segment net loss  $(7,249,718)  $(7,703,610)