Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net loss	$ (41,205)	$ (22,826)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation expense	1,048	743
Stock-based compensation expense	4,466	1,356
Change in fair value of the Convertible Loan	10,044	548
Non-cash interest expense	12,183	7,398
Change in right-of-use asset	1,027	1,183
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(1,065)	(1,173)
Accounts payable and accrued liabilities	(146)	(818)
Accrued compensation	(148)	(696)
Operating lease liability	(652)	(506)
Net cash used in operating activities	(14,448)	(14,791)
Investing activities:
Purchases of property and equipment	(80)	(248)
Net cash used in investing activities	(80)	(248)
Financing activities:
Proceeds from issuance of term debt, net of issuance costs	25,000	10,000
Proceeds from issuance of common stock under ATM, net	2,373
Payments for taxes related to net share settlement of equity awards	(63)	(14)
Proceeds from exercise of stock options	1,212
Net cash provided by financing activities	28,522	9,986
Net change in cash, cash equivalents and restricted cash	13,994	(5,053)
Cash, cash equivalents and restricted cash, beginning of period	14,078	14,771
Cash, cash equivalents and restricted cash, end of period	28,072	$ 9,718
Supplemental disclosure of cash flow information:
Debt and Warrant Amendments recorded as debt discount	20,640
Right-of-use asset obtained by assuming operating lease liabilities	$ 35