CONDENSED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Income Statement [Abstract] | ||||
| Revenue | $ 0 | $ 18 | $ 10,838 | $ 47 |
| Operating expenses | ||||
| Research and development | 12,394 | 12,768 | 25,504 | 26,356 |
| General and administrative | 6,767 | 9,127 | 13,570 | 17,680 |
| Total operating expenses | 19,161 | 21,895 | 39,074 | 44,036 |
| Operating loss | (19,161) | (21,877) | (28,236) | (43,989) |
| Other (expense) income: | ||||
| (Loss) gain from equity method investment | 0 | (665) | 0 | 677 |
| Loss on changes in other fair value adjustments | (244) | (2,464) | (3,195) | (2,415) |
| (Loss) gain on change in fair value of warrant liability | (13,891) | 753 | (20,998) | (51) |
| Interest expense | (300) | (358) | (611) | (712) |
| Interest income | 943 | 1,116 | 1,942 | 2,439 |
| Gain (loss) on disposal of assets | 1 | (25) | 5 | (34) |
| Total other expense | (13,491) | (1,643) | (22,857) | (96) |
| Net (loss) income | $ (32,652) | $ (23,520) | $ (51,093) | $ (44,085) |
| Net loss per share | ||||
| Basic (in USD per shares) | $ (1.26) | $ (2.13) | $ (2.02) | $ (4.33) |
| Diluted (in USD per shares) | $ (1.26) | $ (2.13) | $ (2.02) | $ (4.33) |
| Weighted-average shares of common stock outstanding | ||||
| Basic (in shares) | 25,856,628 | 11,046,401 | 25,248,912 | 10,174,193 |
| Diluted (in shares) | 25,856,628 | 11,046,401 | 25,248,912 | 10,174,193 |
| Share-based compensation expense | $ 1,844 | $ 2,937 | $ 3,393 | $ 5,758 |
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- Definition Gain (loss) on change in fair value of warrant liability. No definition available.
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- Definition Amount of expense for award under share-based payment arrangement. Excludes amount capitalized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of unrealized and realized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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