| Schedule of Reportable Segment Profit and Loss, Including Significant Expense Categories |
The
following table presents reportable segment profit and loss, including significant expense categories, attributable to our reportable
segment for the three and six months ended June 30, 2026 and 2025:
Schedule of Reportable Segment Profit and Loss, Including Significant Expense Categories
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| |
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| Preclinical, clinical trial and other costs |
|
$ |
326,117 |
|
|
$ |
2,142,229 |
|
|
$ |
1,749,158 |
|
|
$ |
3,339,263 |
|
| Research and development personnel expense(1) |
|
|
323,760 |
|
|
|
305,057 |
|
|
|
709,883 |
|
|
|
696,504 |
|
| General and administrative personnel expense(2) |
|
|
585,743 |
|
|
|
628,330 |
|
|
|
1,262,170 |
|
|
|
1,302,167 |
|
| Administrative and facilities expense(3) |
|
|
1,100,518 |
|
|
|
875,167 |
|
|
|
1,946,141 |
|
|
|
1,459,839 |
|
| Other expense, net(4) |
|
|
929,356 |
|
|
|
(16,865 |
) |
|
|
975,321 |
|
|
|
(29,450 |
) |
| Total |
|
$ |
3,265,494 |
|
|
$ |
3,933,918 |
|
|
$ |
6,642,673 |
|
|
$ |
6,768,323 |
|
| Net Loss |
|
$ |
3,265,494 |
|
|
$ |
3,933,918 |
|
|
$ |
6,642,673 |
|
|
$ |
6,768,323 |
|
| (1) |
|
Research
and development personnel costs include employee stock-based compensation expense of $17,145 and $8,613 for the three months ended
June 30, 2026 and 2025, respectively, and $34,289 and $55,333 for the six months ended June 30, 2026 and 2025, respectively. |
| (2) |
|
General
and administrative personnel costs include employee stock-based compensation expense of $48,528
and $122,655
for the three months ended June 30, 2026 and 2025, respectively, and $100,915
and $245,310
for the six months ended June 30, 2026 and 2025, respectively, and are net of reimbursements received from CorLyst, LLC. |
| (3) |
|
Administrative
& facilities expense primarily consists of facilities expenses, office expenses, legal costs, insurance, consulting, travel,
and other administrative costs. |
| (4) |
|
Other
income, net consists of interest and dividend income, realized and unrealized loss on our digital asset, and other miscellaneous
income. |
|