Equity Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2026

Equity Incentive Plans

Schedule of Stock Option Activity

	Options Outstanding
				Weighted
				Average
		Weighted		Remaining
		Average		Contractual	Aggregate
		Exercise		Term	Intrinsic
	Shares	Price		(Years)	Value (in thousands)
Outstanding at December 31, 2025	4,803,921	$	3.22	7.4	$	15,045
Granted	1,806,796	$	11.61		$	—
Exercised	(201,708)	$	3.49		$	1,030
Forfeited/Cancelled/Expired	(769)	$	398.69		$	—
Outstanding at March 31, 2026	6,408,240	$	5.53	8.0	$	32,650
Vested and expected to vest at March 31, 2026	6,408,240	$	5.53	8.0	$	32,650
Exercisable at March 31, 2026	2,919,668	$	3.50	6.6	$	19,680

Schedule of Restricted Stock Awards and Restricted Stock Unit Activity

		Weighted Avg
		Grant Date
	Shares	Fair Value
Outstanding at December 31, 2025	152,500	$	2.73
Granted	—	$	—
Vested	(17,500)	$	3.38
Cancelled	—	$	—
Outstanding at March 31, 2026	135,000	$	2.65

Schedule of Assumptions Used in the Black-Scholes Model

	Three Months Ended March 31,
	2026	2025
Risk-free interest rate	3.76%-3.83%	4.27%-4.30%
Expected volatility	99.58%-100.00%	99.64%-101.43%
Expected term (in years)	5.50-6.25	5.75-6.25
Expected dividend yield	0%	0%

Schedule of Stock-Based Compensation Expenses

	Three Months Ended March 31,
	2026		2025
Research and development	$	460	$	320
General and administrative		615		461
Total stock-based compensation expense	$	1,075	$	781