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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Total revenue $ 4,413 $ 4,055
Operating expenses    
Research and development 39,750 32,126
General and administrative 27,579 26,686
Total operating expenses 67,329 58,812
Loss from operations (62,916) (54,757)
Other (expense) income :    
Interest income 922 1,251
Interest expense (5,188) (688)
Other (expense) income, net (664) 140
Total other (expense) income (4,930) 703
Net loss (67,846) (54,054)
Other comprehensive income    
Foreign currency translation adjustment 13 28
Comprehensive loss (67,833) (54,026)
Common Stock    
Other comprehensive income    
Net loss attributable to shareholders - basic (67,846) (54,010)
Net loss attributable to shareholders - diluted $ (67,846) $ (54,010)
Weighted shares used in calculating net loss per share - basic (in shares) 300,167,989 270,995,121
Weighted shares used in calculating net loss per share - diluted (in shares) 300,167,989 270,995,121
Net loss per share attributable to shareholders - basic (in USD per share) $ (0.23) $ (0.20)
Net loss per share attributable to shareholders - diluted (in USD per share) $ (0.23) $ (0.20)
Series B Convertible Preferred Stock    
Other comprehensive income    
Net loss attributable to shareholders - basic $ 0 $ (44)
Net loss attributable to shareholders - diluted $ 0 $ (44)
Weighted shares used in calculating net loss per share - basic (in shares) 0 54,745
Weighted shares used in calculating net loss per share - diluted (in shares) 0 54,745
Net loss per share attributable to shareholders - basic (in USD per share) $ 0 $ (0.80)
Net loss per share attributable to shareholders - diluted (in USD per share) $ 0 $ (0.80)
Collaborative arrangement revenue    
Total revenue $ 4,413 $ 4,055
Operating expenses    
Research and development $ 2,000 $ 1,900