CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash flows from operating activities:
Net loss	$ (6,804)	$ (9,579)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	24	24
Stock-based compensation expense	370	80
Change in fair value of Convertible Notes		4,942
Non-cash lease expense	20	17
Accretion of net discounts on short-term investments	(35)	(71)
Interest accrued on Convertible Notes		558
Changes in operating assets and liabilities:
Prepaid expenses and other assets	382	(992)
Accounts payable and accrued expenses	212	(2,644)
Operating lease liabilities	(28)	(24)
Net cash used in operating activities	(5,859)	(7,689)
Cash flows from investing activities:
Purchases of short-term investments		(16,377)
Maturities of short-term investments	4,976	5,494
Net cash provided by (used in) investing activities	4,976	(10,883)
Cash flows from financing activities:
Payments for Merger transaction costs		(1,606)
Proceeds from exercise of stock options		3
Net cash used in financing activities		(1,603)
Net decrease in cash and cash equivalents	(883)	(20,175)
Cash and cash equivalents - beginning of year	20,734	31,614
Cash and cash equivalents - end of period	$ 19,851	11,439
Non-cash investing and financing activities
Merger transaction costs included in accounts payable and accrued expenses		$ 781