XML 25 R5.htm IDEA: XBRL DOCUMENT v3.25.4
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues [Abstract]    
Total revenue $ 1,000 $ 5,721
Operating expenses:    
Research and development 35,273 67,211
General and administrative 17,235 19,077
Expense from operations 52,508 86,288
Loss from operations (51,508) (80,567)
Other income (expense):    
Interest income 2,703 5,174
Other expense (4) (17)
Total other income 2,699 5,157
Net loss (48,809) (75,410)
Unrealized gain (loss) on investments 4 (2)
Comprehensive loss $ (48,805) $ (75,412)
Net loss per share – basic (in dollars per share) $ (0.70) $ (1.49)
Net loss per share – diluted (in dollars per share) $ (0.70) $ (1.49)
Weighted-average shares outstanding - basic (in shares) 69,584,937 50,758,290
Weighted-average shares outstanding - diluted (in shares) 69,584,937 50,758,290
Related party license revenue    
Revenues [Abstract]    
Total revenue $ 1,000 $ 0
Collaboration revenue:    
Revenues [Abstract]    
Total revenue $ 0 $ 5,721