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Segment Information (Tables)

9 Months Ended

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

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X

- References

No definition available.

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