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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Revenue $ 0 $ 0 $ 500,000 $ 0
Operating expenses:        
Research and development expense 0 0 0 1,423,000
General and administrative expense 1,235,000 5,642,000 2,571,000 8,758,000
Total operating expenses 1,235,000 5,642,000 2,571,000 10,181,000
Operating loss (1,235,000) (5,642,000) (2,071,000) (10,181,000)
Other (expense) income, net:        
Dividend income 1,000 15,000 5,000 32,000
Interest income 3,000 13,000 6,000 24,000
Interest expense (6,000) 0 (6,000) 0
Other income 637,000   637,000  
Other expense   (150,000)   (46,000)
Total other (expense) income, net 635,000 (122,000) 642,000 10,000
Net loss before provision for income taxes (600,000) (5,764,000) (1,429,000) (10,171,000)
Provision for income taxes 0 0 0 0
Net loss $ (600,000) $ (5,764,000) $ (1,429,000) $ (10,171,000)
Basic loss per common share (in dollars per share) $ (0.07) $ (0.68) $ (0.17) $ (1.38)
Diluted loss per common share (in dollars per share) $ (0.07) $ (0.68) $ (0.17) $ (1.38)
Weighted-average basic common shares outstanding (in shares) 8,651,078 8,432,394 8,650,878 7,366,594
Weighted-average diluted common shares outstanding (in shares) 8,651,078 8,432,394 8,650,878 7,366,594