v3.26.1
Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) (Parenthetical) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Research and development [1] $ 50,065,000 $ 22,547,000 $ 86,118,000 $ 42,570,000
General and administrative [2] 8,851,000 5,231,000 16,243,000 8,592,000
Change in fair value of Convertible Notes payable [3] 0 6,184,000 0 21,584,000
Related Party        
Research and development 13,000,000 3,900,000 17,300,000 11,700,000
General and administrative 0 100,000 200,000 100,000
Change in fair value of Convertible Notes payable $ 0 $ 1,300,000 $ 0 $ 4,600,000
[1] Includes related party amounts of $13.0 million and $17.3 million for the three and six months ended June 30, 2026, respectively, and $3.9 million and $11.7 million for the three and six months ended June 30, 2025, respectively (see Note 10).
[2] Includes no related party amount for the three months ended June 30, 2026 and $0.2 million for the six months ended June 30, 2026. Includes related party amounts of $0.1 million for each of the three and six months ended June 30, 2025, respectively (see Note 10).
[3] Includes no related party amounts for the three and six months ended June 30, 2026 and $1.3 million and $4.6 million for the three and six months ended June 30, 2025, respectively (see Note 6).