v3.26.1
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted-Average Assumptions of Fair Value Stock Option Issued to Employees
The fair value of each stock option issued to employees was estimated at the date of grant using the Black-Scholes model with the following weighted-average assumptions:
Six months ended June 30,
20262025
Expected volatility105.9 %114.1 %
Expected term (years)6.06.0
Risk-free interest rate3.9 %4.4 %
Expected dividend yield— %— %
Schedule of Restricted Stock Units Activity
The following table summarizes the Company's restricted stock units ('RSUs") under the Plan as of June 30, 2026:
Number of Shares
Underlying RSUs		Weighted-Average
Grant Date Fair Value
Unvested, January 1, 2026864,724 $1.50 
Granted0— 
Vested and settled
— — 
Vested and deferred
— — 
Forfeited(72,000)1.50 
Unvested outstanding, June 30, 2026792,7241.50 
Vested but subject to deferred settlement at June 30, 2026— $— 
Outstanding at June 30, 2026792,724$1.50 
Schedule of Share Based Compensation Expense
Share based compensation expense is classified in the unaudited condensed consolidated statements of operations and comprehensive loss as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2026202520262025
Research and development$219 $(1)$490 $67 
General and administrative214 (280)499 120 
Total$433 $(281)$989 $187