Segment Information |
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| Segment Information |
Note 10 – Segment Information
Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which discrete financial information is available that is evaluated regularly by the CODM to allocate resources and assess performance.
The Company operates in one reportable segment, immunotherapy and targeted oncology therapy, which includes all activities related to the acquisition, development and commercialization of novel treatments for patients with solid tumor cancers, including UNLOXCYT. The determination of a single reportable segment is consistent with the financial information regularly provided to the Company’s CODM, which is its chief executive officer, who reviews and evaluates net loss, as reported on the Company’s Statements of Operations, for purposes of assessing performance, making operating decisions, allocating resources and planning and forecasting for future periods. Net loss is also used to monitor budget versus actual results. The measure of segment assets is reported on the Company’s Balance Sheets as total assets.
For the years ended December 31, 2024 and 2023, the significant expense categories regularly provided to the CODM consisted of the following (in thousands):
(1) R&D Other Expense includes travel, consulting, and outside service expenses. (2) G&A Other Expense includes travel, consulting, marketing, business development, investor relations and outside services expenses. (3) Other Segment Items include interest income, foreign currency exchange loss, and gain (loss) on common stock warrant liabilities. |
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