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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues $ 0 $ 0 $ 0 $ 0
Operating expenses:        
Research and development 3,738 4,932 10,774 13,274
General and administrative 2,147 2,172 6,715 6,629
Depreciation and amortization 21 31 81 95
Total operating expenses 5,906 7,135 17,570 19,998
Loss from operations (5,906) (7,135) (17,570) (19,998)
Other income (loss):        
Gain from change in fair value of warrant liability 1,591 0 1,031 0
Transaction costs allocated to warrant liabilities (530) 0 (1,737) 0
Loss on issuance of warrant liabilities (20,609) 0 (30,962) 0
Other income, net 16 9 30 31
Interest income, net 39 102 96 503
Net loss $ (25,399) $ (7,024) $ (49,112) $ (19,464)
Net loss per common share - basic and diluted (in dollars per share) $ (0.68) $ (1.89) $ (2.36) $ (6.69)
Weighted average common shares outstanding, basic and diluted (in shares) 37,304,455 3,714,278 20,827,296 2,910,842
Net loss $ (25,399) $ (7,024) $ (49,112) $ (19,464)
Other comprehensive income (loss):        
Foreign currency translation (6) 14 (3) 13
Comprehensive loss $ (25,405) $ (7,010) $ (49,115) $ (19,451)