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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 76,946,000 $ 97,164,391
Short-term investments 198,018,000 200,626,000
Prepaid expenses and other current assets 1,779,000 1,769,264
Total current assets 276,743,000 299,559,000
Property and equipment, net 831,000 834,795
Long-term investments 14,898,000  
Intangible assets, net 699,000 707,749
Right-of-use assets 1,919,000 1,814,333
Other assets 78,000 63,611
Total Assets 295,168,000 302,980,424
Current liabilities    
Accounts payable and accrued expenses 4,495,000 5,500,946
Operating lease liabilities, current 520,000 383,223
Finance lease liabilities, current 33,000 33,362
Total current liabilities 5,048,000 5,917,000
Operating lease liabilities, noncurrent 1,478,000 1,600,672
Finance lease liabilities, noncurrent 46,000 55,979
Total liabilities 6,572,000 7,574,182
Commitments and Contingencies (Note 10)
Stockholders' Equity    
Common shares, $0.0001 par value; 500,000,000 authorized shares; 82,242,434 and 81,771,422 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 8,000 8,177
Exchangeable shares, $0.0001 par value; 23,692,820 and 24,011,017 shares issued and outstanding as of March 31, 2026 and December 31, 2025 2,000 2,401
Additional paid-in-capital 421,734,000 418,814,641
Accumulated deficit (135,128,000) (124,624,883)
Accumulated other comprehensive income 1,980,000 1,205,906
Total stockholders' equity 288,596,000 295,406,000
Total liabilities and stockholders' equity $ 295,168,000 $ 302,980,424