v3.25.4
DISCONTINUED OPERATIONS
12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
The Company determined that the sale of its cell therapy operations qualified for discontinued operations accounting treatment in accordance with ASC 205-20.
The historical balance sheet and statements of operations of the Company and the related notes to the financial statements have been presented as discontinued operations in the financial statements and prior periods have been recast. Discontinued operations include the results of the Company’s historical cell therapy operations.
During the year ended December 31, 2025, the Company recognized a $0.9 million gain on discontinued operations from the release of the Company’s remaining accrued research and development expenses related to azer-cel based on the Company's updated estimates for the remaining obligation owed.
The following table shows amounts included in liabilities of discontinued operations on the Company’s balance sheets as of December 31, 2025 and December 31, 2024:
December 31, 2025December 31, 2024
Current liabilities of discontinued operations
Accrued research and development expenses— 1,204 
Total current liabilities of discontinued operations— 1,204 
The following table summarizes the results of operations of the Company’s discontinued operations for the years ended December 31, 2025 and 2024:
For the Years Ended December 31,
20252024
Gain from discontinued operations885 — 
The following table presents the significant non-cash items related to discontinued operations for the years ended December 31, 2025 and 2024 that are included in the accompanying statements of cash flows:
For the Years Ended December 31,
20252024
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on disposal of business$(885)—