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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table presents the revenue, significant expenses, and net (loss) income for the Company’s single reportable segment:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Total Revenue | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 16,020,000 |
Less: Significant and Other Segment Expenses |  |  |  |  |  |  |
General and Administrative | 1,443,827 |  |  | 1,380,997 |  |  | 4,287,075 |  |  | 4,215,411 |
Research and Development |  |  |  |  |  |  |
KIO-101 | 11,223 |  |  | 8,525 |  |  | 18,017 |  |  | 21,609 |
KIO-1041 | 255,085 |  |  | 611,722 |  |  | 532,106 |  |  | 637,619 |
KIO-201 | — |  |  | — |  |  | — |  |  | 30,875 |
KIO-301 | 2,057,678 |  |  | 743,842 |  |  | 6,285,162 |  |  | 2,850,958 |
KIO-301 Collaboration Credit | (1,658,248) |  |  | (867,760) |  |  | (5,310,288) |  |  | (2,200,298) |
Unallocated R&D Expenses2 | 405,905 |  |  | 820,902 |  |  | 1,016,981 |  |  | 2,376,807 |
In-Process R&D Impairment | — |  |  | 2,008,000 |  |  | — |  |  | 2,008,000 |
Change in Fair Value of Contingent Consideration | (1,721,033) |  |  | (1,103,991) |  |  | (1,308,067) |  |  | (995,951) |
Interest Income, Net | (201,822) |  |  | (248,840) |  |  | (703,692) |  |  | (813,989) |
Other Segment Expenses3 | 23,708 |  |  | 59,929 |  |  | 133,517 |  |  | 70,724 |
Income Tax Benefit | (643,129) |  |  | — |  |  | (632,179) |  |  | — |
Net (Loss) Income | $ | 26,806 |  |  | $ | (3,413,326) |  |  | $ | (4,318,633) |  |  | $ | 7,818,235 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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