v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
License revenue $ 500 $ 0 $ 500 $ 0
Operating expenses:        
Research and development 7,400 1,675 13,797 2,625
General and administrative 4,798 1,168 9,149 2,528
Total operating expenses 12,198 2,843 22,946 5,153
Loss from operations (11,698) (2,843) (22,446) (5,153)
Other (expense) income:        
Interest expense 0 (2) (1) (3)
Other income, net 1,124 61 2,273 142
Total other income, net 1,124 59 2,272 139
Net loss $ (10,574) $ (2,784) $ (20,174) $ (5,014)
Weighted average shares used in computing (loss) income per common share:        
Basic weighted average shares used in computing net loss per common share 211,381,969 4,797,196 210,528,231 4,796,434
Diluted weighted average shares used in computing net loss per common share 211,381,969 4,797,196 210,528,231 4,796,434
(Loss) income per common share:        
Basic net loss per common share $ (0.05) $ (0.58) $ (0.1) $ (1.05)
Diluted net loss per common share $ (0.05) $ (0.58) $ (0.1) $ (1.05)