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Segment Information | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information | 15. Segment Information The CODM for the Company is the Chief Executive Officer (the "CEO"). The Company’s CEO reviews operating results on an aggregate basis and manages the Company’s operations as a whole for the purpose of evaluating financial performance and allocating resources. This decision-making process reflects the way in which financial information is regularly reviewed and used by the CODM to evaluate performance, set operational targets, forecast future financial results, and allocate resources. Accordingly, the Company has determined that it has a single reportable and operating segment related to biopharmaceutical research and development. The Company’s CODM assesses financial performance and allocates resources based on consolidated operating results which are also reported on the consolidated statements of operations. The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM utilizes consolidated operating results by comparing actual results against budgeted amounts. As part of this process, consolidated net loss is a critical performance measure used to evaluate the Company’s operating performance and guide strategic decisions and resource allocations, including additional investments in research and development. The table below provides information about the Company’s revenue, significant segment expenses and other segment expenses. The table below provides information about the Company’s revenue, significant segment expenses and other segment expenses.
|  | For the Years Ended December 31, |  |
($ in thousands) |  | 2024 |  |  | 2023 |  |
Revenues |  | $ | 10 |  |  | $ | 5 |  |
Less segment expenses: |  |  |  |  |  |  |  |  |
Research and development |  |  | 340 |  |  |  |  | 16,279 |  |
General and administrative |  |  |  | 4,436 |  |  |  |  | 12,219 |  |
Gain on lease modification |  |  | - |  |  |  | (298) |  |
Restructuring costs |  |  | - |  |  |  |  | 1,269 |  |
Property and equipment and right-of-use asset impairment |  |  | - |  |  |  |  | 4,803 |  |
Total operating and segment expense |  |  |  | 4,776 |  |  |  |  | 34,272 |  |
Plus: |  |  |  |  |  |  |  |  |
Interest expense |  |  | - |  |  |  | (1,921) |  |
Other income, net |  |  | 133 |  |  |  |  | 1,048 |  |
Segment Net loss |  | $ | (4,633 |  | ) | $ | (35,140) |  |

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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