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Condensed Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUE:        
Total revenue $ 0 $ 144 $ 0 $ 334
COSTS AND EXPENSES:        
Research and development 9,923 10,004 17,760 22,221
General and administrative 13,175 10,580 30,863 19,646
Total costs and expenses 23,098 20,584 48,623 41,867
LOSS FROM OPERATIONS (23,098) (20,440) (48,623) (41,533)
OTHER INCOME (EXPENSE), NET:        
Interest income 364 628 985 1,215
Change in fair value of warrant liabilities 1,437 22,744 4,541 (40,660)
Other expense (33) (34) (58) (62)
Total other income (expense), net 1,768 23,338 5,468 (39,507)
Net income (loss) $ (21,330) $ 2,898 $ (43,155) $ (81,040)
Net loss per share attributable to common stockholders - basic $ (0.15) $ 0.02 $ (0.3) $ (0.6)
Net loss per share attributable to common stockholders - diluted $ (0.15) $ (0.13) $ (0.3) $ (0.6)
Weighted-average common stock outstanding - basic 145,091,474 143,934,239 144,940,561 134,627,942
Weighted-average common stock outstanding - diluted 145,091,474 152,392,748 144,940,561 134,627,942
Research and development services        
REVENUE:        
Total revenue $ 0 $ 144 $ 0 $ 334