Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Revenue | $ 4,833 | $ 1,435 | $ 7,917 | $ 1,435 |
| Cost of revenue | 2,576 | 1,347 | 4,670 | 1,347 |
| Gross profit | 2,257 | 88 | 3,247 | 88 |
| Operating expenses: | ||||
| Research and development | 27,362 | 29,247 | 51,963 | 42,089 |
| Acquired in-process research and development | 0 | 425,070 | 0 | 425,070 |
| Selling, general and administrative | 38,484 | 16,156 | 73,877 | 23,513 |
| Total operating expenses | 65,846 | 470,473 | 125,840 | 490,672 |
| Loss from operations | (63,589) | (470,385) | (122,593) | (490,584) |
| Other income (expense): | ||||
| Interest income | 4,780 | 7,144 | 10,101 | 14,274 |
| Interest expense | (421) | (132) | (475) | (132) |
| Investment advisory fees | (182) | (247) | (385) | (512) |
| Change in fair value of warrant liability | 454 | 1,135 | (297) | (324) |
| Realized (loss) gain on marketable securities | (1) | (7) | 2 | (6) |
| Net loss on disposal of fixed assets | (34) | 0 | (34) | 0 |
| Other (expense) income | (14) | 0 | 1,438 | 0 |
| Total other income (expense), net | 4,582 | 7,893 | 10,350 | 13,300 |
| Loss before income taxes | (59,007) | (462,492) | (112,243) | (477,284) |
| Provision for income taxes | 0 | 0 | 0 | 0 |
| Net loss | $ (59,007) | $ (462,492) | $ (112,243) | $ (477,284) |
| Net loss per share attributable to common stockholders, basic | $ (0.17) | $ (1.89) | $ (0.33) | $ (2.06) |
| Net loss per share attributable to common stockholders, diluted | $ (0.17) | $ (1.89) | $ (0.33) | $ (2.06) |
| Weighted average common shares outstanding, basic | 340,746 | 244,738 | 339,685 | 231,893 |
| Weighted average common shares outstanding, diluted | 340,746 | 244,738 | 339,685 | 231,893 |
| Comprehensive loss: | ||||
| Net loss | $ (59,007) | $ (462,492) | $ (112,243) | $ (477,284) |
| Other comprehensive loss, net of taxes: | ||||
| Currency translation adjustment | (646) | 148 | (182) | 148 |
| Change in unrealized loss on available-for-sale securities | (225) | (245) | (718) | (1,595) |
| Comprehensive loss | (59,878) | (462,589) | (113,143) | (478,731) |
| Product [Member] | ||||
| Revenue | 1,238 | 0 | 1,238 | 0 |
| License [Member] | ||||
| Revenue | $ 3,595 | $ 1,435 | $ 6,679 | $ 1,435 |
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- Definition Acquired in-process research and development No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), investment in debt security measured at amortized cost (held-to-maturity) and investment in debt security measured at fair value with change in fair value recognized in net income (trading). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of realized and unrealized gain (loss) on investment in marketable security. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income tax expense (benefit) from translating foreign currency financial statements into the reporting currency. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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