XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Condensed Consolidated Statements of Operations        
Grant and award revenue $ 1,159 $ 2,973 $ 3,819 $ 3,939
Operating expenses        
Research and development 5,824 9,485 17,647 25,975
General and administrative 3,111 3,244 8,983 9,861
Total operating expenses 8,935 12,729 26,630 35,836
Operating loss (7,776) (9,756) (22,811) (31,897)
Other income (expense)        
Interest income 90 294 257 567
Interest expense (4,346) (2,923) (11,756) (7,462)
Change in fair value of the Convertible Loan (14,643) 6,904 (15,191) 17,276
Total other income (expense), net (18,899) 4,275 (26,690) 10,381
Net loss $ (26,675) $ (5,481) $ (49,501) $ (21,516)
Per share information:        
Net loss per share, basic $ (0.74) $ (0.15) $ (1.37) $ (0.6)
Weighted average shares outstanding, basic 36,226,285 36,180,124 36,201,674 36,153,388
Net loss per share, diluted $ (0.74) $ (0.15) $ (1.37) $ (0.6)
Weighted average shares outstanding, diluted 36,226,285 36,180,124 36,201,674 36,153,388