Equity Incentive Plans

9 Months Ended

Sep. 30, 2026

Share-Based Payment Arrangement [Abstract]

Equity Incentive Plans

Note 9. Equity Incentive Plans

Stock Option Activity

	Number of Options			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2025		2,173,642		$	1.20
Granted		890,790			1.28
Exercised		(216,139	)		1.19
Cancelled		—			—
Outstanding as of September 30, 2026		2,848,293			1.23		8.27		36,386
Exercisable as of September 30, 2026		1,091,013			1.18		7.18		13,991
Vested and expected to vest as of September 30, 2026		2,848,293		$	1.23		8.27	$	36,386

Stock-Based Compensation Expense

	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
General and administrative	$	120	$	88	$	359	$	234
Research and development		58		41		163		78
Total	$	178	$	129	$	522	$	312

As of September 30, 2026, unrecognized stock-based compensation related to unvested awards was $2.0 million, expected to be recognized over a weighted-average period of 2.9 years.