XML 60 R28.htm IDEA: XBRL DOCUMENT v3.25.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Summary of Useful Lives of Property and Equipment
Estimated useful lives for property and equipment are as follows:
Estimated Useful Life
Computer equipment3 years
Furniture and fixtures5 years
Computer software
3 years
Machinery and equipment5 years
Leasehold improvementsShorter of expected useful life or lease term
Property and equipment, net consisted of the following (in thousands):
December 31,
20242023
Furniture and fixtures$311 $64 
Computer software144 — 
Machinery and equipment112 
Leasehold improvements100 12 
Computer equipment52 — 
Property and equipment, gross719 81 
Less: accumulated depreciation(68)(27)
Property and equipment, net$651 $54 
Schedule of Segment Reporting Information, by Segment
The table below shows a reconciliation of the Company's net loss, including the significant expense categories regularly provided to and reviewed by the CODM, as computed under U.S. GAAP, to the Company's total consolidated net loss in the consolidated statements of operations:
Year Ended December 31,
20242023
Operating expenses:
Research and development expenses(1)
$27,907 $59,061 
Selling, general, and administrative expenses(1)
24,338 12,025 
Share-based compensation expense6,365 1,343 
Total operating expenses58,610 72,429 
Loss from operations(58,610)(72,429)
Other income:
Other income289 93 
Interest income8,553 2,189 
Net loss before income taxes(49,768)(70,147)
Income tax expense (benefit)(179)
Net loss$(49,769)$(69,968)
__________________
(1)Amounts exclude share-based compensation expense.