v3.26.1
Segment and Geographic Information
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information

11. Segment and Geographic Information

The Company has one operating and reportable segment: life science. The life science segment consists of the development of clinical and preclinical product candidates for the development of the Company's proprietary new therapies to enhance the engagement of the science of ribosomal modulation. The Company's chief operating decision maker ("CODM") is its President and Chief Executive Officer.

The significant expense categories regularly reviewed by the CODM for the three and six months ended June 30, 2026 and 2025 are the same as the significant expense categories included in the Company's income statement. While the Company operates in three geographic regions (the U.S., Israel, and Australia), substantially all of the Company's long-lived assets are located in the U.S.

The table below summarizes the significant expense categories regularly provided to, and reviewed by, the CODM for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

     Research and development

 

 

 

 

 

 

 

 

 

 

 

 

 

Clinical and manufacturing

 

$

1,812

 

 

$

184

 

 

$

2,484

 

 

$

373

 

 

Other research and development

 

 

1,028

 

 

 

714

 

 

 

2,016

 

 

 

1,035

 

 

    Total research and development

 

 

2,840

 

 

 

898

 

 

 

4,500

 

 

 

1,408

 

 

     General and administrative

 

 

1,610

 

 

 

684

 

 

 

3,746

 

 

 

1,396

 

 

Loss from operations

 

 

(4,450

)

 

 

(1,582

)

 

 

(8,246

)

 

 

(2,804

)

 

Other expense, net

 

 

52

 

 

 

309

 

 

 

10

 

 

 

796

 

 

Total other expense, net

 

 

52

 

 

 

309

 

 

 

10

 

 

 

796

 

 

Net loss

 

$

(4,502

)

 

$

(1,891

)

 

$

(8,256

)

 

$

(3,600

)