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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total revenue $ 1,752 $ 1,136 $ 4,606 $ 3,291
Operating expenses        
Research and development 11,149 8,108 29,081 23,836
General and administrative 8,228 6,280 21,446 20,372
Total operating expenses 19,377 14,388 50,527 44,208
Loss from operations (17,625) (13,252) (45,921) (40,917)
Other (expense) income :        
Interest expense (1,314) (29) (3,856) (87)
Interest income 207 310 778 843
Other (expense) income, net (1,319) 1 (1,141) (13)
Total other (expense) income (2,426) 282 (4,219) 743
Net loss (20,051) (12,970) (50,140) (40,174)
Other comprehensive income (loss)        
Foreign currency translation adjustment 46 (5) 10 3
Comprehensive loss (20,005) (12,975) (50,130) (40,171)
Common Stock        
Other comprehensive income (loss)        
Net loss attributable to shareholders - basic (20,051) (12,970) (50,140) (40,128)
Net loss attributable to shareholders - diluted $ (20,051) $ (12,970) $ (50,140) $ (40,128)
Weighted shares used in calculating net loss per share - basic (in shares) 304,003,247 278,171,593 296,066,314 264,303,494
Weighted shares used in calculating net loss per share - diluted (in shares) 304,003,247 278,171,593 296,066,314 264,303,494
Net loss per share attributable to shareholders - basic (in USD per share) $ (0.07) $ (0.05) $ (0.17) $ (0.15)
Net loss per share attributable to shareholders - diluted (in USD per share) $ (0.07) $ (0.05) $ (0.17) $ (0.15)
Series B Convertible Preferred Stock        
Other comprehensive income (loss)        
Net loss attributable to shareholders - basic $ 0 $ 0 $ 0 $ (46)
Net loss attributable to shareholders - diluted $ 0 $ 0 $ 0 $ (46)
Weighted shares used in calculating net loss per share - basic (in shares) 0 0 0 54,745
Weighted shares used in calculating net loss per share - diluted (in shares) 0 0 0 54,745
Net loss per share attributable to shareholders - basic (in USD per share) $ 0 $ 0 $ 0 $ (0.84)
Net loss per share attributable to shareholders - diluted (in USD per share) $ 0 $ 0 $ 0 $ (0.84)
Collaborative Arrangements        
Total revenue $ 1,752 $ 1,136 $ 4,606 $ 3,291
Operating expenses        
Research and development     $ 1,900 $ 900