| Schedule of revenue and expenses for the operating segment to consolidated amounts |
| | | | | | | | | | | | | | | Three months ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Operating expenses: | | | | | | | | | | | | | Contracted research expense | | $ | 27,838 | | $ | 19,017 | | $ | 51,780 | | $ | 40,316 | Personnel expense | | | 15,817 | | | 10,894 | | | 30,541 | | | 21,518 | Stock-based compensation expense | | | 9,362 | | | 7,733 | | | 18,077 | | | 16,792 | Other segment expense(a) | | | 8,385 | | | 4,443 | | | 14,582 | | | 8,907 | Depreciation | | | 541 | | | 523 | | | 1,078 | | | 1,036 | Segment net loss | | | (61,943) | | | (42,610) | | | (116,058) | | | (88,569) | | | | | | | | | | | | | | Reconciliation of net loss | | | | | | | | | | | | | Interest income | | | 4,616 | | | 6,495 | | | 9,718 | | | 11,656 | Net Loss | | $ | (57,327) | | $ | (36,115) | | $ | (106,340) | | $ | (76,913) |
a Other segment expense included in Segment net loss includes contracted administrative expenses, intellectual property fees, software costs, occupancy & equipment costs, and other overhead expenses.
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