v3.26.1
Segments
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments

13. SEGMENTS

Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the CODM or decision making group in making decisions on how to allocate resources and assess performance. The Company has one operating segment focused on the discovery, development and commercialization of gamma-delta T cell product candidates and TCEs for cancer and autoimmune disease. The CODM is the Company’s CEO. The CEO manages the Company’s operations, assesses performance for the operating segment and decides how to allocate resources based on net loss, which is reported on the condensed statements of operations. Depreciation expense, amortization expense, stock-based compensation expense, and non-cash lease expense are significant noncash items included in net loss reviewed by the CFO and CEO and are reported on the condensed statements of cash flows. The measure of segment assets is reported on the condensed balance sheets as total consolidated assets.

The following table presents certain financial data for the Company’s reportable segment:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

INB-100 research and development expenses

 

$

245

 

 

$

228

 

 

$

623

 

 

$

454

 

INB-200 research and development expenses

 

 

21

 

 

 

5

 

 

 

57

 

 

 

15

 

INB-400 research and development expenses

 

 

27

 

 

 

181

 

 

 

68

 

 

 

626

 

Personnel-related indirect research and development expenses

 

 

1,266

 

 

 

1,241

 

 

 

2,577

 

 

 

2,501

 

Total general and administrative expenses

 

 

2,442

 

 

 

2,714

 

 

 

5,095

 

 

 

5,402

 

Other segment items1

 

 

780

 

 

 

725

 

 

 

1,451

 

 

 

1,646

 

Segment net loss

 

$

4,781

 

 

$

5,094

 

 

$

9,871

 

 

$

10,644

 

 

Other segment items include preclinical expenses, interest income and other income.