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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating expenses:        
Selling, general and administrative $ 1,933 $ 3,044 $ 8,316 $ 11,014
Research and development 597 972 2,485 11,144
Change in fair value of contingent consideration (37) 0 (3,509) (97,464)
Total operating costs and expenses 2,493 4,016 7,292 (75,306)
(Loss) income from operations (2,493) (4,016) (7,292) 75,306
Other (loss) income:        
Change in fair value of convertible notes (1,877) (1,878) (5,362) (170)
Change in fair value of warrants (236) (377) 85,950 (15,376)
Loss on issuance of warrants     (75,644)  
Loss on embedded forward purchase agreements and derivative liabilities, net   81   (19,931)
Other income, net 68 19 263 94
Total other (loss) income, net (2,045) (2,155) 5,207 (35,383)
(Loss) income before taxes (4,538) (6,171) (2,085) 39,923
Net (loss) income $ (4,538) $ (6,171) $ (2,085) $ 39,923
Basic net (loss) income per share (in dollars per share) $ (0.39) $ (11.24) $ (0.23) $ 74.53
Diluted net (loss) income per share (in dollars per share) $ (0.39) $ (11.24) $ (0.23) $ 69.53
Weighted average shares of common stock outstanding used to compute basic net (loss) income per share 11,634,946 549,175 8,931,566 535,693
Weighted average shares of common stock outstanding used to compute diluted net (loss) income per share 11,634,946 549,175 8,931,566 574,216