Summary of significant accounting policies (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Accounting Policies [Abstract] | |
| Use of Estimates | Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosures. Management bases its estimates on historical experience and on various other assumptions that it believes to be reasonable under the circumstances. These estimates form the basis for making judgments about the carrying values of assets and liabilities when these values are not readily apparent from other sources. Accounting estimates and judgments are inherently uncertain, and actual results could differ from these estimates. |
| Significant accounting policies and estimates | Significant accounting policies and estimates No material changes were made to the Company’s significant accounting policies disclosed in Note 2. Summary of significant accounting policies, in its 2025 Form 10-K, other than those noted below. |
| Revenue from licensing agreements | Revenue from licensing agreements If a license to intellectual property is determined to be distinct from other performance obligations identified in the arrangement, the Company recognizes revenue attributable to the license at the point in time the license is transferred to the customer, and the customer is able to use and benefit from the license. |
| Accounts Receivable | Accounts Receivable Accounts receivable includes receivables from the Company's collaboration partners as a result of licensing agreements. Receivables from licensing agreements represent valid claims against our collaboration partners. Receivable from the Company's licensing agreements as of June 30, 2026 is presented as Accounts receivable on the condensed consolidated balance sheets. The Company evaluates the collectability of receivables based on historical collection trends, the financial condition of payment partners, and external market factors and provides for an allowance for potential credit losses based on management’s best estimate of the amount of probable credit losses. As of June 30, 2026 and December 31, 2025, the Company did not have an allowance for credit losses. |
| Recently issued accounting standards | Recently issued accounting standards From time to time, new accounting pronouncements are issued by the FASB that the Company adopts as of the specified effective date. The Company's status as an emerging growth company ended on the last day of the fiscal year ending after the fifth anniversary of our initial public offering, i.e., December 31, 2025. The Company has considered all recent accounting pronouncements issued, but not yet effective, and does not expect any to have a material effect on the Company’s condensed consolidated financial statements other than those discussed in its 2025 Form 10‑K. |