Reorganization |
6 Months Ended |
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Jun. 30, 2025 | |
Reorganizations [Abstract] | |
Reorganization | Reorganization Executive Officer Departures During the second and third quarters of 2024, we implemented changes to our executive leadership structure. In connection with these changes, we provided three executive officers with one-time severance payments upon termination, continued benefits for a specified period of time, and certain stock option modifications. The total expense for these activities was $3.2 million, $2.0 million of which was primarily for cash severance and $1.2 million of which was for non-cash, share-based compensation expense. During the three and six months ended June 30, 2024, we recognized $1.4 million of the total expense, $0.7 million of which was included in general and administrative expense, and $0.7 million of which was included in research and development expense. The remaining expense of $1.8 million was recognized during the third quarter of 2024. As of June 30, 2025, we have paid the $2.0 million of cash severance charges. We have accounted for these expenses in accordance with the FASB ASC Topic 420, Exit or Disposal Cost Obligation.
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