Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation These consolidated financial statements include the financial results of Monopar Therapeutics Inc., its wholly-owned French subsidiary, Monopar Therapeutics, SARL, and its wholly-owned Australian subsidiary, Monopar Therapeutics Australia Pty Ltd and have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) and include all disclosures required by GAAP for financial reporting. All intercompany accounts have been eliminated. The principal accounting policies applied in the preparation of these consolidated financial statements are set out below and have been consistently applied in all periods presented. The Company has been primarily involved in performing research activities, developing product candidates, and raising capital to support and expand these activities. The accompanying consolidated financial statements contain all normal, recurring adjustments necessary to present fairly the Company’s consolidated financial position as of December 31, 2023 2022 December 31, 2023 2022 |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Functional Currency The Company’s consolidated functional currency is the U.S. Dollar. The Company’s Australian subsidiary and French subsidiary use the Australian Dollar and European Euro, respectively, as their functional currency. At each quarter-end, each foreign subsidiary’s balance sheets are translated into U.S. Dollars based upon the quarter-end exchange rate, while their statements of operations and comprehensive loss and statements of cash flows are translated into U.S. Dollars based upon an average exchange rate during the period. |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Loss Comprehensive loss represents net loss plus any income or losses not |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of expenses in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. |
Going Concern [Policy Text Block] | Going Concern Assessment The Company applies Accounting Standards Codification 205 40 205 40” Disclosure of Uncertainties about an Entity s Ability to Continue as a Going Concern 205 40 one one March 2024, June 30, 2025 no |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Equivalents The Company considers all highly liquid investments purchased with a maturity of three December 31, 2023 2022 two |
Investment, Policy [Policy Text Block] | Investments The Company considers all of its investments in debt securities (U.S. Government or Agencies), with maturities at the date of purchase from three one December 31, 2022 three one |
Prepaid Expenses [Policy Text Block] | Prepaid Expenses Prepayments are expenditures for goods or services before the goods are used or the services are received and are charged to operations as the benefits are realized. Prepaid expenses may one |
Lessee, Leases [Policy Text Block] | Leases Lease agreements are evaluated to determine whether an arrangement is or contains a lease in accordance with ASC 842, Leases |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents. The Company maintains cash and cash equivalents at two December 31, 2023 one not not |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments For financial instruments consisting of cash and cash equivalents, investments, accounts payable, accrued expenses, and other current liabilities, the carrying amounts are reasonable estimates of fair value due to their relatively short maturities. The Company adopted ASC 820, Fair Value Measurements and Disclosures, The standard establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources. Unobservable inputs reflect a reporting entity’s pricing an asset or liability developed based on the best information available under the circumstances. The fair value hierarchy consists of the following three Level 1 Level 2 Level 3 Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each reporting period. There were no 1, 2 3 December 31, 2023 2022 No 2 3 December 31, 2023 2022 Assets and Liabilities Measured at Fair Value on a Recurring Basis December 31, 2023 Level 1 Total Assets: Cash equivalents (1) $ 6,544,910 $ 6,544,910 Total $ 6,544,910 $ 6,544,910 December 31, 2022 Level 1 Total Assets: Cash equivalents (1) $ 7,248,946 $ 7,248,946 Investments (2) 4,933,550 4,933,550 Total $ 12,182,496 $ 12,182,496 ( 1 December 31, 2023 2022 two three ( 2 three one |
Earnings Per Share, Policy [Policy Text Block] | Net Loss per Share Net loss per share for the years ended December 31, 2023 2022 December 31, 2023 2022 December 31, 2023 2022 December 31, 2023 2022 December 31, 2023 2022 |
Research and Development Expense, Policy [Policy Text Block] | Research and Development Expenses Research and development (“R&D”) costs are expensed as incurred. Major components of R&D expenses include salaries and benefits paid to the Company’s R&D staff, compensation expenses of G&A personnel performing R&D, fees paid to consultants and to the entities that conduct certain R&D activities on the Company’s behalf and materials and supplies which were used in R&D activities during the reporting period. |
Clinical Trial Accrual [Policy Text Block] | Clinical Trials Accruals The Company accrues and expenses the costs for clinical trial activities performed by third |
Collaborative Arrangement, Accounting Policy [Policy Text Block] | Collaborative Agreements The Company and its collaborative partners are active participants in collaborative agreements and all parties would be exposed to significant risks and rewards depending on the technical and commercial success of the activities. Contractual payments to the other parties in collaboration agreements and costs incurred by the Company when the Company is deemed to be the principal participant for a given transaction are recognized on a gross basis in R&D expenses. Royalties and license payments are recorded as earned. During the years ended December 31, 2023 2022 no no not |
Licensing Agreements [Policy Text Block] | Licensing Agreements The Company has various agreements licensing technology utilized in the development of its product or technology programs. The licenses contain success milestone obligations and royalties on future sales. During the years ended December 31, 2023 2022 no no not |
Patent Costs [Policy Text Block] | Patent Costs The Company expenses costs relating to issued patents and patent applications, including costs relating to legal, renewal and application fees, as a component of general and administrative expenses in its consolidated statements of operations and comprehensive loss. |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company uses an asset and liability approach for accounting for deferred income taxes, which requires recognition of deferred income tax assets and liabilities for the expected future tax consequences of events that have been recognized in its financial statements but have not The Company regularly assesses the likelihood that its deferred income tax assets will be realized from recoverable income taxes or recovered from future taxable income. To the extent that the Company believes any amounts are not not” not Internal Revenue Code Sections 382 383 382 383” not 382 383 382 383 ASC 740, Income Taxes not.” not not” December 31, 2023 2022 2016 2019 12 not” not” December 31, 2023 2022 not The Company is subject to U.S. Federal, Illinois and California state income taxes. In addition, the Company is subject to local tax laws of France and Australia. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. Monopar was originally formed as an LLC in December 2014, December 16, 2015. 2015 2022. not December 31, 2023 December 31, 2023 |
Share-Based Payment Arrangement [Policy Text Block] | Stock-Based Compensation The Company accounts for stock-based compensation arrangements with employees, non-employee directors and consultants using a fair value method, which requires the recognition of compensation expense for costs related to all stock-based awards, including stock option and restricted stock unit (“RSU”) grants. The fair value method requires the Company to estimate the fair value of stock-based payment awards on the date of grant using an option pricing model or the closing stock price on the date of grant in the case of RSUs. Stock-based compensation expense for awards granted to employees, non-employee directors and consultants are based on the fair value of the underlying instrument calculated using the Black-Scholes option-pricing model on the date of grant for stock options and using the closing stock price on the date of grant for RSUs and recognized as expense on a straight-line basis over the requisite service period, which is the vesting period. Determining the appropriate fair value model and related assumptions requires judgment, including estimating the future stock price volatility and expected terms. For stock options granted in 2022, two December 18, 2019 December 31, 2021. 2023, three December 18, 2019 December 31, 2022. not not |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In October 2023, 2023 06, Disclosure Improvements, Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. not X two 2023 06, 8 In December 2023, No. 2023 09, Income Taxes (Topic 740 December 15, 2024, not |