v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenue $ 0 $ 2,302
Operating expenses:    
Research and development 33,809 15,565
General and administrative 9,677 8,158
Total operating expenses 43,486 23,723
Loss from operations (43,486) (21,421)
Other (expense) income:    
Change in fair value of warrant liability 0 102
Change in fair value of term loan (1,470) (1,530)
Interest income 2,586 1,326
Interest expense (9) (19)
Other income (expense) (31) 13
Total other income (expense), net 1,076 (108)
Net loss $ (42,410) $ (21,529)
Net loss per common share, basic $ (0.12) $ (0.08)
Net loss per common share, diluted $ (0.12) $ (0.08)
Weighted average common shares outstanding, basic 366,632,827 269,306,331
Weighted average common shares outstanding, diluted 366,632,827 269,306,331