General form of registration statement for all companies including face-amount certificate companies

Statements of Operations (Unaudited)

v3.24.4
Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 01, 2024
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Operating expenses              
Research and Development Expense (Income)   $ 3,182 $ 1,096 $ 5,608 $ 8,094 $ 8,793 $ 13,884
General and administrative   1,880 457 4,121 2,359 3,076 4,156
Total operating expenses   5,062 1,553 9,729 10,453 11,869 18,040
Loss from operations   (5,062) (1,553) (9,729) (10,453) (11,869) (18,040)
Other income              
Interest (expense) income - royalty agreement   (1,017) (1,298) (2,764) 7,407 6,265 (10,364)
Interest expense – convertible notes payable   (220) 0 (249) 0    
Fair value adjustments on derivative liabilities - royalty agreement   (75) (52) (404) 541 485 (300)
Fair value adjustments on convertible notes payable   (568) 0 (568) 0    
Other income   167 71 231 657 712 126
Net loss $ (13,500) $ (6,775) $ (2,832) $ (13,483) $ (1,848) $ 18,691 $ (27,552)
Net loss per share              
Basic (in dollars per share)   $ (1.22) $ (0.53) $ (2.46) $ (0.42) $ 0.68 $ (4.82)
Weighted-average shares used in computing net loss per share:              
Basic and diluted (in shares)   5,720,009 5,720,009 5,720,009 5,720,009 5,720,009 5,718,926