Related Parties

6 Months Ended

Jun. 30, 2025

Related Party Transactions [Abstract]

Related Parties

Related Parties

In September 2015, the Company entered into consulting agreements with its two founders, related parties who hold shares of the Company’s common stock, to provide R&D and strategic services. For both the three and six months ended June 30, 2025, the Company recognized R&D expense of less than $0.1 million related to work performed under the founder agreements. For both the three and six months ended June 30, 2024, the Company recognized R&D expense of less than $0.1 million related to work performed under the founder agreements. For both the three and six months ended June 30, 2025, the Company recognized stock-based compensation expense of less than $0.1 million related to the consulting agreements. For both the three and six months ended June 30, 2024, the Company recognized stock-based compensation expense of less than $0.1 million related to the consulting agreements. The Company had no amounts due to the founders as of June 30, 2025.

In March 2019, the Company entered into a consulting agreement with an executive consultant, a related party who holds shares of the Company’s common stock. For both the three and six months ended June 30, 2025, the Company recognized G&A expense totaling less than $0.1 million related to work performed under the consulting agreement. For both the three and six months ended June 30, 2024, the Company recognized G&A expense of less than $0.1 million related to work performed under the consulting agreement. For the three and six months ended June 30, 2025, the Company recognized stock-based compensation expense of less than $0.1 million related to the consulting agreement. For the three and six months ended June 30, 2024, the Company recognized stock-based compensation expense of less than $0.1 million related to the consulting agreement. The Company had no amounts due to the consultant as of June 30, 2025.