v3.25.4
STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Statement [Abstract]    
Revenue $ 34,264 $ 68,696
Operating expenses    
Research and development 54,172 59,559
General and administrative 32,240 35,299
Total operating expenses 86,412 94,858
Operating loss (52,148) (26,162)
Other income (expense):    
Loss from equity method investment (5,284) (1,084)
(Loss) gain on changes in other fair value adjustments (2,666) 258
Gain on change in fair value of warrant liability 11,129 29,610
Interest expense 1,422 1,782
Interest income 4,239 6,763
Loss on disposal of assets (421) (436)
Impairment charges (36) 0
Total other income 5,539 33,329
(Loss) income from continuing operations (46,609) 7,167
Gain from discontinued operations 885 0
Net (loss) income $ (45,724) $ 7,167
Net (loss) income per share    
Basic (in USD per shares) $ (3.56) $ 1.05
Diluted (in USD per shares) $ (3.56) $ 1.04
Weighted-average shares of common stock outstanding    
Basic (in shares) 12,826,078 6,832,982
Diluted (in shares) 12,826,078 6,883,911