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Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2026
Equity Incentive Plans  
Schedule of stock option activity under the Equity Plans

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Weighted

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Weighted

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Average

 

Average

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Aggregate

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Exercise Price

 

Remaining

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Intrinsic

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Options

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Per Share

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Life in Years

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Value

Outstanding at December 31, 2025

 

3,757,238

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$

7.46

 

7.28

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$

—

Forfeited

 

(11,666)

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$

—

 

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Outstanding at June 30, 2026

 

3,745,572

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$

7.48

 

5.51

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$

—

Options exercisable at June 30, 2026

 

2,811,490

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$

9.49

 

4.29

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Options vested and expected to vest at June 30, 2026

 

3,745,572

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$

7.48

 

5.51

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$

—

Schedule of RSU activity under the Equity Incentive Plans

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Weighted

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Average Grant

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Number of Shares

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Date Fair Value

Outstanding at December 31, 2025

 

18,305,221

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$

1.05

Settled by the issuance of common stock

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(1,723,250)

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$

0.87

Outstanding at June 30, 2026

 

16,581,971

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$

1.07

Schedule of recognized stock-based compensation expense related to the issuance of stock option awards and RSUs to employees and non-employees in the condensed consolidated statements of operations

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Three Months Ended June 30, 

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Six Months Ended June 30, 

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2026

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2025

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2026

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2025

Research and development

 

$

—

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$

387

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$

—

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$

1,021

General and administrative

 

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2,159

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476

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4,290

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1,046

Restructuring charges

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—

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626

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—

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626

Total

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$

2,159

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$

1,489

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$

4,290

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$

2,693

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