XML 11 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating expenses:        
Research and development (including $15, $12, $30 and $25 for a related party) $ 9,018 $ 8,440 $ 16,590 $ 14,470
General and administrative (including $93, $37, $160 and $188 for a related party) 3,368 3,816 7,629 8,140
Total operating expenses 12,386 12,256 24,219 22,610
Loss from operations (12,386) (12,256) (24,219) (22,610)
Other income (expense), net:        
Change in fair value of tranche liability (including $0, $0, $0 and $331 for a related party) 0 0 0 365
Change in fair value of derivative liabilities (including $0, $0, $0 and $1,165 for a related party) 0 0 0 1,229
Interest expense (including $0, $0, $0 and $1,384 for a related party) 0 0 0 (1,443)
Loss on extinguishment and on issuance of convertible promissory notes (including $0, $0, $0 and $169 for a related party) 0 0 0 (186)
Other income, net 871 906 1,848 1,099
Total other income, net 871 906 1,848 1,064
Net loss $ (11,515) $ (11,350) $ (22,371) $ (21,546)
Net loss per share attributable to common stockholders - basic $ (0.48) $ (0.61) $ (0.94) $ (1.89)
Net loss per share attributable to common stockholders - diluted $ (0.48) $ (0.61) $ (0.94) $ (1.89)
Weighted-average shares outstanding - basic 23,797,306 18,701,286 23,760,665 11,417,677
Weighted-average shares outstanding - diluted 23,797,306 18,701,286 23,760,665 11,417,677
Comprehensive loss:        
Net loss $ (11,515) $ (11,350) $ (22,371) $ (21,546)
Other comprehensive loss:        
Unrealized loss on marketable securities, net of tax (24) 0 (79) 0
Total other comprehensive loss (24) 0 (79) 0
Comprehensive loss $ (11,539) $ (11,350) $ (22,450) $ (21,546)