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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Significant Expense Categories

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 the consolidated net income (loss) for the three and six months ended June 30, 2025 and 2024 is included in the table below.

 

   2025   2024   2025   2024 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2025   2024   2025   2024 
Total revenues  $622,849   $89,565   $716,713   $7,706,738 
Program expenses (1)                    
LPCN 1154  1,042,929    1,024,607    1,049,621    2,677,093 
Other research and development programs  155,415    (30,916)   176,388    139,101 
Non-program expenses (2)   735,511    1,252,539    1,736,128    2,759,176 
Personnel costs   1,028,142    1,033,638    2,112,907    1,999,836 
Stock-based compensation   65,205    102,265    136,207    201,571 
Total segment operating income (loss)   (2,404,353)   (3,292,568)   (4,494,538)   (70,039)
Other income (loss) (3)   198,637    223,934    423,949    515,026 
Net income (loss)  $(2,205,716)  $(3,068,634)  $(4,070,589)  $444,987 

 

  (1) Includes external research and development expenses.
  (2) Includes general and administrative expenses, information technology, infrastructure, facilities, and intellectual property, and legal and professional fees.
  (3) Includes interest income and loss on warrant liability.