Accounts and Other Receivables |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Receivables [Abstract] | |
| Accounts and Other Receivables | Accounts and Other Receivables Accounts and other receivables, net include reimbursement requests outstanding from the cost share awards, interest receivable and commercial accounts receivable. The cost share reimbursement requests are recognized as eligible costs are incurred. Reimbursement under the awards is recognized as award funds are obligated and is included in Sponsored cost share in the condensed consolidated statement of operations. Interest receivable of $8,880 and $2,109 was outstanding at June 30, 2026 and December 31, 2025, respectively. Accounts receivable are presented net of allowance for credit losses. Management estimates an allowance for credit losses by evaluating customer and transaction-specific conditions, including adverse situations that may affect a customer’s ability to pay, as well as both microeconomic and macroeconomic factors. Interest receivable earned from our financial assets measured at fair value is analyzed under ASC 326, Credit Losses. Based on the analysis of the underlying financial instruments, it is considered to be negligible. As of June 30, 2026 and December 31, 2025, the Company had no allowance for credit losses.
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