Processa Pharmaceuticals, Inc. Preliminary proxy statement not related to a contested matter or merger/acquisition

Preliminary proxy statement not related to a contested matter or merger/acquisition

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)

5 Months Ended

7 Months Ended

12 Months Ended

Dec. 31, 2023

Aug. 08, 2023

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

Year	Summary Compensation Table Total for PEO (George Ng) ($) (a)		Compensation Actually Paid to PEO (George Ng) ($) (b)		Summary Compensation Table Total for PEO (David Young) ($) (a)		Compensation Actually Paid to PEO (David Young) ($) (b)			Average Summary Compensation Table Total for Non-PEO NEOs ($) (c)		Average Compensation Actually Paid to Non-PEO NEOs ($) (d)		Value of Initial Fixed $100 Investment Based on the Total Shareholder Return of the Company ($) (e)		Net Income (Loss) ($ in thousands) (f)
2024		521,033		288,393		-		-			331,322		301,159		1		(11,850	)
2023		472,849		428,849		108,876		(16,297	)		306,661		13,718		5		(11,122	)
2022		N/A		N/A		1,162,619		549,308			1,044,174		424,104		17		(27,474	)
2021		N/A		N/A		434,512		342,274			498,417		396,458		74		(11,427	)

Named Executive Officers, Footnote [Text Block]

(a)	The principal executive officer (“PEO”) is David Young during 2021, 2022 and from January 1, 2023 through August 8, 2023. George Ng joined the Company on August 8, 2023.

Adjustment To PEO Compensation, Footnote [Text Block]

(b)	Compensation actually paid (“CAP”) reflect the adjustments listed in the tables below to the amounts reported in the Summary Compensation Table for PEOs:

David Young:

Year	2021			2022			2023
SCT Total Compensation ($)		434,512			1,162,619			108,876
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)		(347,012	)		(1,068,744	)		(15,426	)
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of Year ($)		84,182			272,646			4,698
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)		(13,183	)		(32,680	)		(1,919	)
Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($)		196,923			249,153			-
Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)		(13,148	)		(28,956	)		(112,526	)
Less: Fair Value of Stock and Option Awards Forfeited during the covered Year ($)		-			(4,730	)		-
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)		-			-			-
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)		-			-			-
Compensation Actually Paid ($)		342,274			549,308			(16,297	)

George Ng:

Year	2023			2024
SCT Total Compensation ($)		472,849			521,033
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)		(312,000	)		-
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year that are Outstanding and Unvested at End of Year ($)		268,000			-
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)		-			(180,930	)
Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($)		-			-
Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)		-			(51,710	)
Less: Fair Value of Stock and Option Awards Forfeited during the covered Year ($)		-			-
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)		-			-
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)		-			-
Compensation Actually Paid ($)		428,849			288,393

Non-PEO NEO Average Total Compensation Amount

$ 331,322

$ 306,661

$ 1,044,174

$ 498,417

Non-PEO NEO Average Compensation Actually Paid Amount

$ 301,159

13,718

424,104

396,458

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

(d)

Compensation actually paid (CAP) to our non-PEO NEOs reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below. The assumptions used to calculate the fair values did not differ materially from the assumptions used to calculate the fair values as of the grant dates.

Year	2021			2022			2023			2024
Non-PEO NEOs		See column (c) note above			See column (c) note above			See column (c) note above			See column (c) note above
SCT Total Compensation ($)		498,417			1,044,174			306,661			331,322
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)		(347,443	)		(935,747	)		(136,489	)		(14,484	)
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)		84,182			272,646			41,567			5,716
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)		(14,348	)		(32,650	)		(3,285	)		(8,279	)
Fair Value as of Vesting Date for Awards Granted that Vested in Same Year ($)		196,923			133,847			-			1,442
Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)		(21,273	)		(53,436	)		(194,736	)		(14,557	)
Less: Fair Value of Stock and Option Awards Forfeited during the covered Year ($)		-			(4,730	)		-			-
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)		-			-			-			-
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)		-			-			-			-
Adjustment to Compensation Amount		-			-			-			-
Compensation Actually Paid ($)		396,458			424,104			13,718			301,159

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Below are graphs showing the relationship of “compensation actually paid” to our PEOs and non-PEO NEOs in 2021, 2022, 2023 and 2024 to (1) our TSR and (2) our net income.

Compensation Actually Paid vs. Net Income [Text Block]

Total Shareholder Return Amount

$ 1

Net Income (Loss) Attributable to Parent

$ (11,850,000)

(11,122,000)

$ (27,474,000)

$ (11,427,000)

PEO Name

George Ng

David Young

George Ng

David Young

Stock and Option Award Values Reported in SCT for the Covered Year [Member] | Non-PEO NEO [Member]