SUBSEQUENT EVENTS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | Note 15. SUBSEQUENT EVENTS
On April 14, 2026, the Company entered into a new lease agreement for research and development lab space. The lease has a commencement date of June 1, 2026 and an initial term extending through June 30, 2031. The Company’s initial monthly lease payment is $2,779 per month, and contains an escalation clause over the lease term.
On April 30, 2026, at the Company’s annual meeting of shareholders, the Company’s shareholders approved an amendment to the Company’s 2024 Equity Incentive Compensation Plan to increase the number of shares of Common Stock authorized for issuance under the 2024 Plan from shares to shares.
In May 2026, the Company converted shares of its Series B Convertible Preferred Stock into shares of Common Stock in accordance with the Convertible Preferred Stock described in Note 12. |