v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
IPO
Convertible Preferred Stock
Common Stock
Common Stock
IPO
Additional Paid-In Capital
Additional Paid-In Capital
IPO
Accumulated Other Comprehensive Income
Accumulated Deficit
Temporary equity beginning balance at Dec. 31, 2024     $ 126,756            
Temporary equity beginning balance, shares at Dec. 31, 2024     96,941,453            
Beginning balance at Dec. 31, 2024 $ (54,643)         $ 3,684     $ (58,327)
Outstanding Beginning balance, shares at Dec. 31, 2024       4,066,969          
Issuance of common stock in initial public offering, net of discounts and issuance costs of $10.4 million   $ 87,495         $ 87,495    
Issuance of common stock in initial public offering, net of discounts and issuance costs of $10.4 million, shares         6,120,661        
Temporary Equity conversion of convertible preferred stock into common stock upon initial public offering     $ (126,756)            
Temporary Equity conversion of convertible preferred stock into common stock upon initial public offering, shares     (96,941,453)            
Conversion of convertible preferred stock into common stock upon initial public offering 126,756         126,756      
Conversion of convertible preferred stock into common stock upon initial public offering, shares       11,439,838          
Exercise of common stock options 101         101      
Exercise of common stock options, shares       57,085          
Vesting of restricted common stock 13         13      
Vesting of restricted common stock, shares       3,619          
Stock-based compensation expense 233         233      
Unrealized (loss) gain on short-term investments 44             $ 44  
Net loss (9,310)               (9,310)
Temporary equity ending balance at Mar. 31, 2025     $ 0            
Temporary equity ending balance, shares at Mar. 31, 2025     0            
Ending balance at Mar. 31, 2025 150,689         218,282   44 (67,637)
Outstanding Ending balance, shares at Mar. 31, 2025       21,688,172          
Temporary equity beginning balance at Dec. 31, 2025     $ 0            
Temporary equity beginning balance, shares at Dec. 31, 2025     0            
Beginning balance at Dec. 31, 2025 106,633         222,470   81 (115,918)
Outstanding Beginning balance, shares at Dec. 31, 2025       21,815,353          
Exercise of common stock options 4         4      
Exercise of common stock options, shares       1,032          
Stock-based compensation expense 2,004         2,004      
Unrealized (loss) gain on short-term investments (67)             (67)  
Net loss (21,588)               (21,588)
Ending balance at Mar. 31, 2026 $ 86,986         $ 224,478   $ 14 $ (137,506)
Outstanding Ending balance, shares at Mar. 31, 2026       21,816,385