Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
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Year |
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Summary Compensation Table Total for Principal Executive Officer (“PEO”)(1) |
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Compensation Actually Paid to PEO(2) |
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Average Summary Compensation Table Total for Non-PEO Named Executive Officers (“NEOs”)(3) |
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Average Compensation Actually Paid to Non-PEO NEOs(3) |
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Value of Initial Fixed $100 Investment Based on Total Shareholder Return (“TSR”) |
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Net Income (Loss) (millions)(4) |
2024 |
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$ 1,380,197 |
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$ 807,503 |
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$ 1,782,356 |
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$ 1,316,643 |
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$ 5 |
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($ 121) |
2023 |
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1,122,585 |
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(1,904,079) |
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1,221,446 |
(5) |
(1,829,434) |
(6) |
8 |
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(154) |
2022 |
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1,266,242 |
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(8,744,624) |
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1,367,202 |
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(9,216,082) |
(6) |
26 |
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(214) |
| (1) |
Dr. Rosenwald was the Registrant’s PEO for each of the 2024, 2023 and 2022 fiscal years.
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| (2) |
The amounts disclosed reflect the adjustments listed in the tables below to the amounts reported in the Summary Compensation Table for PEO: |
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Year |
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Less: Grant Date Value of Equity Awards |
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Change in Value of Awards Granted During the Current Year |
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Vesting date value of awards that vested during the year |
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Year-Over-Year Change in Fair Value of Unvested Awards |
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Change in Value of Awards Vesting During the Current Year |
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Dividends on Unvested Awards |
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Total Adjustments |
2024 |
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($ 1,167,532) |
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$ 1,271,280 |
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$ - |
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($ 693,817) |
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$ 17,374 |
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$ - |
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($ 572,695) |
| (3) |
For the 2024, 2023 and 2022 fiscal years, our Non-PEO NEOs were: David Jin and Michael S. Weiss. The amounts disclosed reflect the adjustments listed in the table below to the amounts reported in the Summary Compensation Table for Non-PEO NEOs:
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Year |
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Less: Grant Date Value of Equity Awards |
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Plus: Year-End Fair Value of Current Year Award |
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Vesting date value of awards that vested during the year |
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Year-Over-Year Change in Fair Value of Unvested Awards |
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Change in Value of Awards Vesting During the Current Year |
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Dividends on Unvested Awards |
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Total Adjustments |
2024 |
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($ 1,473,790) |
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$ 1,636,122 |
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$ 36,481 |
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($ 639,671) |
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($ 24,856) |
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$ - |
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($ 465,713) |
| (4) |
The dollar amounts reported represent the amount of net income (loss) reflected in our consolidated audited financial statements for the applicable year. |
| (5) |
Includes adjustment to the bonus amount awarded to Mr. Jin for 2023 as reflected in the Summary Compensation Table for 2023, as described in footnote 3 to the Summary Compensation Table. |
| (6) |
These amounts were updated to reflect a correction in the calculation for the Compensation Actually Paid to Non-PEO NEOs for 2022 and 2023. |
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| Named Executive Officers, Footnote |
Dr. Rosenwald was the Registrant’s PEO for each of the 2024, 2023 and 2022 fiscal years.For the 2024, 2023 and 2022 fiscal years, our Non-PEO NEOs were: David Jin and Michael S. Weiss.
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| PEO Total Compensation Amount |
$ 1,380,197
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$ 1,122,585
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$ 1,266,242
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| PEO Actually Paid Compensation Amount |
$ 807,503
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(1,904,079)
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(8,744,624)
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| Adjustment To PEO Compensation, Footnote |
| (2) |
The amounts disclosed reflect the adjustments listed in the tables below to the amounts reported in the Summary Compensation Table for PEO: |
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Year |
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Less: Grant Date Value of Equity Awards |
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Change in Value of Awards Granted During the Current Year |
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Vesting date value of awards that vested during the year |
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Year-Over-Year Change in Fair Value of Unvested Awards |
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Change in Value of Awards Vesting During the Current Year |
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Dividends on Unvested Awards |
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Total Adjustments |
2024 |
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($ 1,167,532) |
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$ 1,271,280 |
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$ - |
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($ 693,817) |
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$ 17,374 |
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$ - |
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($ 572,695) |
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| Non-PEO NEO Average Total Compensation Amount |
$ 1,782,356
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1,221,446
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1,367,202
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| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 1,316,643
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(1,829,434)
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(9,216,082)
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| Adjustment to Non-PEO NEO Compensation Footnote |
| (3) |
For the 2024, 2023 and 2022 fiscal years, our Non-PEO NEOs were: David Jin and Michael S. Weiss. The amounts disclosed reflect the adjustments listed in the table below to the amounts reported in the Summary Compensation Table for Non-PEO NEOs:
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Year |
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Less: Grant Date Value of Equity Awards |
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Plus: Year-End Fair Value of Current Year Award |
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Vesting date value of awards that vested during the year |
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Year-Over-Year Change in Fair Value of Unvested Awards |
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Change in Value of Awards Vesting During the Current Year |
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Dividends on Unvested Awards |
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Total Adjustments |
2024 |
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($ 1,473,790) |
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$ 1,636,122 |
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$ 36,481 |
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($ 639,671) |
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($ 24,856) |
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$ - |
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($ 465,713) |
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| Compensation Actually Paid vs. Total Shareholder Return |
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| Compensation Actually Paid vs. Net Income |
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| Total Shareholder Return Amount |
$ 5
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8
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26
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| Net Income (Loss) |
$ (121,000,000)
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$ (154,000,000)
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$ (214,000,000)
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| PEO Name |
Dr. Rosenwald
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Dr. Rosenwald
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Dr. Rosenwald
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| Equity Awards Adjustments, Footnote |
| (2) |
The amounts disclosed reflect the adjustments listed in the tables below to the amounts reported in the Summary Compensation Table for PEO: |
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Year |
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Less: Grant Date Value of Equity Awards |
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Change in Value of Awards Granted During the Current Year |
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Vesting date value of awards that vested during the year |
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Year-Over-Year Change in Fair Value of Unvested Awards |
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Change in Value of Awards Vesting During the Current Year |
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Dividends on Unvested Awards |
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Total Adjustments |
2024 |
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($ 1,167,532) |
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$ 1,271,280 |
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$ - |
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($ 693,817) |
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$ 17,374 |
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$ - |
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($ 572,695) |
| (3) |
For the 2024, 2023 and 2022 fiscal years, our Non-PEO NEOs were: David Jin and Michael S. Weiss. The amounts disclosed reflect the adjustments listed in the table below to the amounts reported in the Summary Compensation Table for Non-PEO NEOs:
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Year |
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Less: Grant Date Value of Equity Awards |
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Plus: Year-End Fair Value of Current Year Award |
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Vesting date value of awards that vested during the year |
|
Year-Over-Year Change in Fair Value of Unvested Awards |
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Change in Value of Awards Vesting During the Current Year |
|
Dividends on Unvested Awards |
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Total Adjustments |
2024 |
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($ 1,473,790) |
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$ 1,636,122 |
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$ 36,481 |
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($ 639,671) |
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($ 24,856) |
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$ - |
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($ 465,713) |
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| PEO | Equity Awards Adjustments |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (572,695)
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| PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(1,167,532)
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| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
1,271,280
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| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(693,817)
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| PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
17,374
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| Non-PEO NEO | Equity Awards Adjustments |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(465,713)
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| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(1,473,790)
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| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
1,636,122
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| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(639,671)
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| Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
36,481
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| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (24,856)
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