v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information

12. Segment Information

The Company has viewed its operations and manages its business as one operating and reporting segment. Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the Company’s chief operating decision maker (“CODM”) to make decisions with respect to resource allocation and assessment of performance. The Company’s CODM is its Chief Executive Officer (the “CEO”), who reviews and evaluates consolidated net loss for purposes of assessing performance, making operating decisions, allocating resources, and planning and forecasting for future periods. The determination of a single segment is consistent with the financial information regularly reviewed by the CEO.

The CEO regularly reviews the condensed consolidated statement of operations and a disaggregation of operating expenses, of which the significant expenses are related to research and development. The following table represents the significant segment expenses regularly provided to the CEO:

 

 

 

For the Three Months Ended

 

 

 

March 31,
2026

 

 

March 31,
2025

 

Research and Development

 

 

 

 

 

 

Research

 

$

1,058

 

 

$

1,283

 

Development

 

 

9,690

 

 

 

11,951

 

Personnel related

 

 

3,945

 

 

 

3,570

 

Stock-based compensation

 

 

637

 

 

 

637

 

Total research and development

 

 

15,330

 

 

$

17,441

 

General and administrative

 

 

 

 

 

 

Personnel related

 

$

1,513

 

 

$

1,479

 

Stock-based compensation

 

 

755

 

 

 

871

 

External

 

 

1,421

 

 

 

1,773

 

Total general and administrative

 

 

3,689

 

 

 

4,123

 

Loss from Operations

 

$

19,019

 

 

$

21,564