v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Other Comprehensive Gain (Loss) [Member]
Beginning balance at Dec. 31, 2024 $ 171,812   $ 64 $ 440,758 $ (269,158) $ 148
Beginning balance, shares at Dec. 31, 2024     63,815,065      
Vesting of restricted stock units, shares     212,827      
Stock-based compensation expense 1,834     1,834    
Unrealized loss on marketable debt securities (94)         (94)
Net loss (29,281)       (29,281)  
Ending balance at Mar. 31, 2025 144,271   $ 64 442,592 (298,439) 54
Ending balance, shares at Mar. 31, 2025     64,027,892      
Beginning balance at Dec. 31, 2024 171,812   $ 64 440,758 (269,158) 148
Beginning balance, shares at Dec. 31, 2024     63,815,065      
Net loss (55,463)          
Ending balance at Jun. 30, 2025 119,854   $ 64 444,420 (324,621) (9)
Ending balance, shares at Jun. 30, 2025     64,027,892      
Beginning balance at Mar. 31, 2025 144,271   $ 64 442,592 (298,439) 54
Beginning balance, shares at Mar. 31, 2025     64,027,892      
Stock-based compensation expense 1,828     1,828    
Unrealized loss on marketable debt securities (63)         (63)
Net loss (26,182)       (26,182)  
Ending balance at Jun. 30, 2025 119,854   $ 64 444,420 (324,621) (9)
Ending balance, shares at Jun. 30, 2025     64,027,892      
Beginning balance at Dec. 31, 2025 78,085   $ 83 512,779 (434,831) 54
Beginning balance, shares at Dec. 31, 2025   250,000 83,090,392      
Issuance of common stock, net of issuance costs 107,616   $ 23 107,593    
Issuance of common stock, net of issuance costs, shares     23,000,000      
Issuance of preferred stock in exchange for common stock   $ 1 $ (3) 2    
Issuance of preferred stock in exchange for common stock, shares   250,000 (2,500,000)      
Vesting of restricted stock units, shares     288,545      
Exercise of stock options 14     14    
Exercise of stock options, shares     4,000      
Stock-based compensation expense 1,979     1,979    
Unrealized loss on marketable debt securities (48)         (48)
Net loss (29,613)       (29,613)  
Ending balance at Mar. 31, 2026 158,033 $ 1 $ 103 622,367 (464,444) 6
Ending balance, shares at Mar. 31, 2026   500,000 103,882,937      
Beginning balance at Dec. 31, 2025 $ 78,085   $ 83 512,779 (434,831) 54
Beginning balance, shares at Dec. 31, 2025   250,000 83,090,392      
Exercise of stock options, shares 4,000          
Net loss $ (62,395)   $ (59,502)      
Ending balance at Jun. 30, 2026 127,382 $ 1 $ 103 624,516 (497,226) (12)
Ending balance, shares at Jun. 30, 2026   500,000 103,882,937      
Beginning balance at Mar. 31, 2026 158,033 $ 1 $ 103 622,367 (464,444) 6
Beginning balance, shares at Mar. 31, 2026   500,000 103,882,937      
Stock-based compensation expense 2,149     2,149    
Unrealized loss on marketable debt securities (18)         (18)
Net loss (32,782)   $ (31,277)   (32,782)  
Ending balance at Jun. 30, 2026 $ 127,382 $ 1 $ 103 $ 624,516 $ (497,226) $ (12)
Ending balance, shares at Jun. 30, 2026   500,000 103,882,937