BALANCE SHEET COMPONENTS (Tables)

12 Months Ended

Dec. 31, 2025

Balance Sheet Related Disclosures [Abstract]

Schedule of Property and Equipment, Net

Property and equipment consisted of the following as of December 31, 2025 and 2024:

(in thousands)	DECEMBER 31, 2025		DECEMBER 31, 2024
Computer and other equipment	$	191	$	191
Capitalized software	89		89
Furniture and fixtures	76		151
Leasehold improvements	147		338
Total property and equipment	503		769
Less: accumulated depreciation	(480)		(654)
Total property and equipment—net	$	23	$	115

Schedule of Prepaid Expenses and Other Assets

Prepaid expenses and other assets consisted of the following as of December 31, 2025 and 2024:

(in thousands)	DECEMBER 31, 2025		DECEMBER 31, 2024
Research and development	$	3,372	$	697
Insurance	409		424
Other prepaids	219		214
Other current assets	2,517		995
	$	6,517	$	2,330

Schedule of Accrued Expenses

Accrued expenses consisted of the following as of December 31, 2025 and 2024:

(in thousands)	DECEMBER 31, 2025		DECEMBER 31, 2024
Research and development	$	394	$	1,197
Compensation and related expenses	2,334		3,095
Professional fees	1,039		510
Other	24		160
	$	3,791	$	4,962