v3.26.1
Summary of Significant Accounting Policies - Segment Reporting (Details)
$ in Thousands
12 Months Ended
Jan. 07, 2025
USD ($)
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
USD ($)
Summary of Significant Accounting Policies      
Number of operating segments | segment   1  
Number of reportable segments not disclosed   true  
Segment operating expenses:      
Research and development   $ 4,094 $ 14,181
Change in fair value of contingent consideration   (3,499) (100,809)
Total operating costs and expenses   12,803 (72,985)
(Loss) income from operations   (12,803) 72,985
Other segment items:      
Change in fair value of convertible notes   (22,911) 3,311
Change in fair value of warrants   (84,934) 14,719
Loss on issuance of warrants $ (75,600) 75,644  
Loss on embedded forward purchase agreements     (19,667)
Loss on derivative liability   (13,088)  
Other income, net   290 95
Total other loss, net   (26,419) (30,980)
(Loss) income before taxes   (39,222) 42,005
Income taxes   0 0
Net (loss) income   (39,222) 42,005
Single Reportable Segment      
Segment operating expenses:      
Compensation and benefits   10,431 9,153
Professional and legal fees   3,868 6,233
Office and travel   1,017 1,533
Research and development   986 10,905
Total selling, general and administrative, and research and development   16,302 27,824
Change in fair value of contingent consideration   (3,499) (100,809)
Total operating costs and expenses   12,803 (72,985)
(Loss) income from operations   (12,803) 72,985
Other segment items:      
Change in fair value of convertible notes   (22,911) 3,311
Change in fair value of warrants   84,934 (14,719)
Loss on issuance of warrants   (75,644)  
Loss on embedded forward purchase agreements     (19,667)
Loss on derivative liability   (13,088)  
Other income, net   290 95
Total other loss, net   (26,419) (30,980)
(Loss) income before taxes   (39,222) 42,005
Net (loss) income   $ (39,222) $ 42,005