XML 37 R23.htm IDEA: XBRL DOCUMENT
v3.25.1

Earnings/(Net Loss) Per Share | 12 Months Ended
--- | ---
Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings/(Net Loss) Per Share | 14. Earnings/(Net Loss) Per Share The following table presents the calculation of basic and diluted earnings/(net loss) per share (in thousands, except share amounts and per share data): Schedule of Basic and Diluted Net Loss Per Share
|  | 2024 |  |  | 2023 |
|  | For the years ended December 31, |
|  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |
Net income (loss) - basic |  | $ | (17,802 | ) |  | $ | (535 | )
Less: Change in fair value and income impact of option liabilities |  |  | - |  |  |  | (5,521 | )
Net income (loss) - diluted |  | $ | (17,802 | ) |  | $ | (6,056 | )
Denominator: |  |  |  |  |  |  |  |
Weighted average common stock outstanding, basic |  |  | 867,096 |  |  |  | 669,739 |
Add: Option liability conversion shares |  |  | - |  |  |  | 9,200 |
Weighted average shares used in computing net loss per share - diluted |  |  | 867,096 |  |  |  | 678,939 |
Net income (loss) per share, basic |  | $ | (20.53 | ) |  | $ | (0.79 | )
Net income (loss) per share, diluted |  | $ | (20.53 | ) |  | $ | (8.92 | )
The Company notes that the adjustment to the numerator in 2023 for the change in fair value and income impact of Vela and Cizzle accounts for changes in fair value of each option, gains (losses) at the time of issuance of each option and the statement of operations impact of the derecognition of deferred revenue that originated upon the initial sale of royalties to both Vela and Cizzle. Potentially dilutive securities (upon conversion) that were not included in the diluted per share calculations because they would have been anti-dilutive were as follows: Schedule of Potentially Dilutive Securities
|  | As of |  |  | As of |
|  | December 31, 2024 |  |  | December 31, 2023 |
Public warrants |  |  | 139,790 |  |  |  | 139,790 |
PIPE Warrants |  |  | - |  |  |  | 20,000 |
A.G.P. Warrants |  |  | 540 |  |  |  | 540 |
Convertible Promissory Notes Payable |  |  | 800 |  |  |  | 805 |
Stock Options |  |  | 65,509 |  |  |  | 10,717 |
Restricted stock Units |  |  | - |  |  |  | 1,470 |
August 2024 Nirland Note |  |  | 672,007 |  |  |  | - |
A.G.P. Convertible Note |  |  | 576,949 |  |  |  | - |
March 2024 Warrants |  |  | 2,600 |  |  |  | - |
April 2024 Warrants |  |  | 14,477 |  |  |  | - |
A.G.P. 2024 Warrants |  |  | 28,626 |  |  |  | - |
Antidilutive Securities |  |  | 1,501,298 |  |  |  | 173,322 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration