v3.25.4
Restructuring Costs
12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Costs

Note 13. Restructuring Costs

In 2024, the Company shifted its focus from developing therapeutics for neuronal excitability disorders to immune-mediated diseases. In connection with this shift, the Company ceased its operations in the U.K. and separated from seven U.K. employees in 2024. The costs associated with this headcount reduction were fully recognized and all of the related payments were made by December 31, 2024. A summary of the restructuring costs recorded in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2024 were as follows (in thousands):

 

Year Ended December 31, 2024

 

 

ROU Asset
Impairment

 

Severance and
Benefit Costs

 

Stock-based
Compensation

 

Total
Restructuring
Cost Recorded

 

Research and development expenses

$

 

$

1,778

 

$

944

 

$

2,722

 

General and administrative expenses

 

 

 

475

 

 

161

 

 

636

 

Total restructuring costs

$

 

$

2,253

 

$

1,105

 

$

3,358