Quarterly report pursuant to Section 13 or 15(d)

Asset Acquisitions and Dispositions (Tables)

v3.24.3
Asset Acquisitions and Dispositions (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Below is a summary of the total consideration, assets acquired and the liabilities assumed in connection with the BRB Acquisition:
August 18, 2023
Purchase consideration
Common stock $ 21,609,586  (a)
Total consideration $ 21,609,586 
Assets acquired and liabilities assumed:
IPR&D asset
 $ 21,215,214 
Cash and cash equivalents 1,076,740 
Prepaid expenses
 4,800 
Accounts payable (73,473)
Other current liabilities
 (613,695)
Total net assets acquired $ 21,609,586 
(a) Equal to the aggregate of 5,436,378 shares of common stock issued, multiplied by the Company's closing stock price of $3.98 as of August 18, 2023.