v3.26.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Property and Equipment

Details of property and equipment are presented as follows (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Computers and Software

 

$

341

 

 

$

341

 

Furniture and fixtures

 

 

36

 

 

 

36

 

Total

 

$

377

 

 

$

377

 

Accumulated depreciation

 

 

(376

)

 

 

(374

)

Property and equipment, net

 

$

1

 

 

$

3

 

Schedule of Gross-to-Net Sales Adjustments

The following table sets forth the changes in the accrued revenue allowances (in thousands):

 

 

 

 

 

Six Months Ended June 30, 2025

 

Balance at beginning of period

 

$

1,411

 

Provision for current period sales

 

 

2,085

 

Payments

 

 

(1,686

)

Allowances transferred in sale of Aadi Subsidiary, Inc.

 

 

(1,810

)

Balance at end of period

 

$

 

Schedule of Earnings Per Share, Basic and Diluted

The computations for basic and diluted EPS were as follows (in thousands, except shares and per share amounts):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net (loss) income for basic and diluted EPS

 

$

(16,640

)

 

$

(52,615

)

 

$

(38,834

)

 

$

20,401

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares for basic EPS

 

 

82,886,196

 

 

 

69,083,127

 

 

 

76,099,275

 

 

 

54,443,309

 

Effect of dilutive stock options

 

 

 

 

 

 

 

 

 

 

 

71,128

 

Effect of dilutive restricted stock units

 

 

 

 

 

 

 

 

 

 

 

394,278

 

Weighted-average shares for diluted EPS

 

 

82,886,196

 

 

 

69,083,127

 

 

 

76,099,275

 

 

 

54,908,715

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$

(0.20

)

 

$

(0.76

)

 

$

(0.51

)

 

$

0.37

 

Diluted EPS

 

$

(0.20

)

 

$

(0.76

)

 

$

(0.51

)

 

$

0.37