Long-Term Investments |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Disclosure Text Block [Abstract] | |
| Long-Term Investments | 5. Long-Term Investments Affini-T investment As of March 31, 2026 and December 31, 2025, the Company had investments in Affini-T consisting of 527,035 shares of Series A convertible preferred stock, 33,383 shares of Series B Preferred Stock, 1,867,300 shares of common stock, and a warrant exercisable for 16,691 shares of common stock. In September 2025, Affini-T made an assignment for the benefit of creditors to Affini (assignment for the benefit of creditors), LLC, a California limited liability company, pursuant to California state law. As of March 31, 2026 and December 31, 2025, the estimated fair value of the Company’s investments in Affini-T was zero. ViTToria investment As of March 31, 2026 and December 31, 2025, the Company had an investment in shares of preferred stock of Vittoria Biotherapeutics, Inc. (“Vittoria”), a private biotechnology company. During the three months ended March 31, 2026, and year ended December 31, 2025, the Company did not have a board seat and owned less than 20% of the outstanding voting shares of Vittoria. The investment in Vittoria does not provide the Company the ability to control or have significant influence over Vittoria’s operations. The Company accounts for its investment in Vittoria using the measurement alternative method. As of March 31, 2026 and December 31, 2025, the carrying value of Vittoria’s investment was $2.2 million and no impairment was recognized. |