v3.26.1
STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
At The Market Offering
Common Stock
At The Market Offering
Additional Paid-in Capital
At The Market Offering
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Beginning Balances at Dec. 31, 2024       $ 60,000 $ 193,850,000 $ (175,160,000) $ 18,750,000
Beginning Balances (in shares) at Dec. 31, 2024       59,854,877      
Shareholders' Equity              
Issuance of common stock under the 2022 ATM, net of commissions and allocated fees $ 2,000 $ 1,458,000 $ 1,460,000        
Issuance of common stock under the 2022 ATM, net of commissions and allocated fees (in shares) 2,004,729            
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes         (46,000)   (46,000)
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes (in shares)       115,149      
Equity-based compensation         586,000   586,000
Net loss           (8,480,000) (8,480,000)
Ending Balances at Mar. 31, 2025       $ 62,000 195,848,000 (183,640,000) 12,270,000
Ending Balances (in shares) at Mar. 31, 2025       61,974,755      
Beginning Balances at Dec. 31, 2024       $ 60,000 193,850,000 (175,160,000) 18,750,000
Beginning Balances (in shares) at Dec. 31, 2024       59,854,877      
Shareholders' Equity              
Net loss             (15,214,000)
Ending Balances at Jun. 30, 2025       $ 65,000 197,338,000 (190,374,000) 7,029,000
Ending Balances (in shares) at Jun. 30, 2025       64,962,957      
Beginning Balances at Dec. 31, 2024       $ 60,000 193,850,000 (175,160,000) 18,750,000
Beginning Balances (in shares) at Dec. 31, 2024       59,854,877      
Shareholders' Equity              
Issuance of common stock under the 2022 ATM, net of commissions and allocated fees (in shares)     13,624,062        
Net loss             (23,487,000)
Ending Balances at Dec. 31, 2025       $ 90,000 232,828,000 (198,647,000) 34,271,000
Ending Balances (in shares) at Dec. 31, 2025       88,904,161      
Beginning Balances at Mar. 31, 2025       $ 62,000 195,848,000 (183,640,000) 12,270,000
Beginning Balances (in shares) at Mar. 31, 2025       61,974,755      
Shareholders' Equity              
Issuance of common stock under the 2022 ATM, net of commissions and allocated fees $ 3,000 874,000 $ 877,000        
Issuance of common stock under the 2022 ATM, net of commissions and allocated fees (in shares) 2,921,744            
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes         (5,000)   (5,000)
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes (in shares)       66,458      
Equity-based compensation         621,000   621,000
Net loss           (6,734,000) (6,734,000)
Ending Balances at Jun. 30, 2025       $ 65,000 197,338,000 (190,374,000) 7,029,000
Ending Balances (in shares) at Jun. 30, 2025       64,962,957      
Beginning Balances at Dec. 31, 2025       $ 90,000 232,828,000 (198,647,000) 34,271,000
Beginning Balances (in shares) at Dec. 31, 2025       88,904,161      
Shareholders' Equity              
Issuance of common stock under the 2022 ATM, net of commissions and allocated fees         (164,000)   (164,000)
Issuance of common stock under the 2022 ATM, net of commissions and allocated fees (in shares)       396,734      
Exercise of common stock options         44,000   44,000
Exercise of common stock options (in shares)       52,878      
Equity-based compensation         330,000   330,000
Net loss           (4,570,000) (4,570,000)
Ending Balances at Mar. 31, 2026       $ 90,000 233,038,000 (203,217,000) 29,911,000
Ending Balances (in shares) at Mar. 31, 2026       89,353,773      
Beginning Balances at Dec. 31, 2025       $ 90,000 232,828,000 (198,647,000) $ 34,271,000
Beginning Balances (in shares) at Dec. 31, 2025       88,904,161      
Shareholders' Equity              
Exercise of common stock options (in shares)             52,878
Net loss             $ (8,502,000)
Ending Balances at Jun. 30, 2026       $ 95,000 240,078,000 (207,149,000) 33,024,000
Ending Balances (in shares) at Jun. 30, 2026       95,055,773      
Beginning Balances at Mar. 31, 2026       $ 90,000 233,038,000 (203,217,000) 29,911,000
Beginning Balances (in shares) at Mar. 31, 2026       89,353,773      
Shareholders' Equity              
Issuance of common stock under the 2022 ATM, net of commissions and allocated fees $ 5,000 $ 6,732,000 $ 6,737,000        
Issuance of common stock under the 2022 ATM, net of commissions and allocated fees (in shares) 5,506,610            
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes       $ 195,390 (11,000)   (11,000)
Equity-based compensation       0 319,000 0 319,000
Net loss           (3,932,000) (3,932,000)
Ending Balances at Jun. 30, 2026       $ 95,000 $ 240,078,000 $ (207,149,000) $ 33,024,000
Ending Balances (in shares) at Jun. 30, 2026       95,055,773