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
Operating loss   (5,062) (1,553) (9,729) (10,453) (11,869) (18,040)
Other (expense) 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 (expense) income, net   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 and diluted (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