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Other Income (expense), net
12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other Income (expense), net

17. Other Income (expense), net

 

The following table presents other income (expense), net, for the years ended December 31, 2024 and 2023 (in thousands):

  

       
   For the years ended
December 31,
 
   2024   2023 
Other income:          
Recognition of Cizzle deferred revenue upon option exercise  $-   $1,480 
Recognition of Vela deferred revenue upon option exercise   -    2,774 
Change in fair value of Cizzle option   -    1,280 
Change in fair value of Vela option   -    970 
Change in fair value of warrant liability   221    81 
Change in fair value of convertible note payment   2,018    - 
Gain on debt extinguishment   2,473    - 
Interest Income   13    15 
Income Tax Refund   314    - 
Unrealized foreign currency transaction gain   2    39 
Other   7    115 
Total other income:   5,048    6,754 
Other expense:          
Loss on issuance of Vela option   -    987 
Change in fair value of convertible notes payable   -    426 
Interest expense   577    211 
Amortization of debt issuance costs   929    - 
Loss on issuance of warrants   2,710    - 
Loss on Debt Extinguishment   3,179    - 
Realized foreign currency transaction loss   16    403 
Other expense   20    - 
Total other expense   7,431    2,027 
Total other (expense) income, net  $(2,383)  $4,727