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Segment Reporting | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Segment Reporting | ## (16) Segment Reporting Operating segments are defined as components of the entity for which separate financial information is made available and that is regularly evaluated by the chief operating decision maker (CODM) in making decisions regarding resource allocation and assessing performance. The Company's CODM is its chief executive officer and the Company manages its operations as a single segment for the purposes of assessing performance and making operating decisions. The Company is focused on the development of a human anti-thymocyte globulin focused on preventing or delaying the progression of T1D. The CODM assesses the Company's performance by reviewing GAAP operating expense and significant expenses by function along with the annual budget. The chief operating decision maker considers budget-to-actual variances on a quarterly basis when making decisions about the allocation of operating and capital resources. The following table is representative of the significant expense categories regularly provided to the CODM when managing the Company's single reporting segment. A reconciliation to condensed consolidated operating expenses as our single segment operating loss for the three months ended March 31, 2026 and 2025, is included in the table below:
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
Direct research and development expenses |  |  |  |  |  |
Research and development salaries and benefits |  | $ | 3,769,049 |  |  | $ | 2,651,894 |
Clinical trial expense |  |  | 3,196,835 |  |  |  | 1,927,208 |
Lab supplies and animal care |  |  | 1,094,645 |  |  |  | 556,421 |
Lab services, consulting, and other direct research costs |  |  | 1,002,618 |  |  |  | 942,704 |
Total direct research and development expenses |  |  | 9,063,147 |  |  |  | 6,078,227 |
Indirect research and development expenses |  |  | 1,472,920 |  |  |  | 1,246,805 |
Share based compensation (research and development) |  |  | 2,861,910 |  |  |  | 332,289 |
Total research and development expense |  |  | 13,397,977 |  |  |  | 7,657,321 |
General and administrative expense |  |  |  |  |  |
Administrative payroll |  |  | 1,818,302 |  |  |  | 1,352,628 |
Professional fees and travel |  |  | 717,451 |  |  |  | 425,638 |
Insurance, office expense, and other administrative expenses |  |  | 1,466,004 |  |  |  | 1,055,853 |
Share based compensation (general and administrative) |  |  | 2,598,002 |  |  |  | 280,662 |
Total general and administrative expenses |  |  | 6,599,759 |  |  |  | 3,114,781 |
Total operating expense |  | $ | 19,997,736 |  |  | $ | 10,772,102 |
The measure of segment assets is reported on the Condensed Consolidated Balance Sheets as Cash and cash equivalents and Short-term and Long-term investments. Long-lived assets are reported on the Condensed Consolidated Balance Sheets as Property, plant and equipment, net of accumulated depreciation and these assets are held in the U.S.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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