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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Condensed Consolidated Statements of Operations        
Grant and award revenue $ 2,169   $ 2,660 $ 966
Operating expenses        
Research and development 6,394 $ 8,475 11,823 16,491
General and administrative 2,619 3,439 5,872 6,617
Total operating expenses 9,013 11,914 17,695 23,108
Operating loss (6,844) (11,914) (15,035) (22,142)
Other income (expense)        
Interest income 108 221 167 273
Interest expense (3,808) (2,718) (7,410) (4,538)
Change in fair value of the Convertible Loan (5,751) 23,397 (548) 10,372
Total other income (expense), net (9,451) 20,900 (7,791) 6,107
Net income (loss) $ (16,295) $ 8,986 $ (22,826) $ (16,035)
Per share information:        
Net income (loss) per share, basic $ (0.45) $ 0.25 $ (0.63) $ (0.44)
Weighted average shares outstanding, basic 36,193,479 36,154,521 36,189,165 36,139,873
Net loss per share, diluted $ (0.45) $ (0.25) $ (0.63) $ (0.45)
Weighted average shares outstanding, diluted 36,193,479 58,246,626 36,189,165 58,231,978