| Summary of Segment Reconciliation |
All financial information required for segment reporting that is provided to the chief operating decision-maker is contained within the financial statements and notes to financial statements, with the exception of the disaggregated amounts contained in the table below:
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Three Months Ended June 30, |
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|
Six Months Ended June 30, |
|
(in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Research and development: |
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|
|
|
|
|
|
|
|
|
|
Salaries and staff costs |
|
$ |
1,847 |
|
|
$ |
2,134 |
|
|
$ |
3,591 |
|
|
$ |
4,103 |
|
Stock-based compensation |
|
|
470 |
|
|
|
672 |
|
|
|
788 |
|
|
|
1,187 |
|
Clinical trials, outside services, and lab supplies |
|
|
3,162 |
|
|
|
8,306 |
|
|
|
7,422 |
|
|
|
15,803 |
|
Facilities and other |
|
|
436 |
|
|
|
468 |
|
|
|
879 |
|
|
|
964 |
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Total research and development |
|
$ |
5,915 |
|
|
$ |
11,580 |
|
|
$ |
12,680 |
|
|
$ |
22,057 |
|
Selling, general and administrative: |
|
|
|
|
|
|
|
|
|
|
|
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Salaries and staff costs |
|
$ |
915 |
|
|
$ |
849 |
|
|
$ |
3,844 |
|
|
$ |
1,775 |
|
Stock-based compensation |
|
|
450 |
|
|
|
1,011 |
|
|
|
1,792 |
|
|
|
1,861 |
|
Outside services and professional fees |
|
|
2,009 |
|
|
|
1,062 |
|
|
|
3,438 |
|
|
|
2,860 |
|
Facilities and other |
|
|
430 |
|
|
|
396 |
|
|
|
856 |
|
|
|
836 |
|
Total selling, general and administrative |
|
$ |
3,804 |
|
|
$ |
3,318 |
|
|
$ |
9,930 |
|
|
$ |
7,332 |
|
|
| Schedule of Antidilutive Securities Excluded from the Calculation of Diluted Net Loss per Share |
The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their effect was anti-dilutive:
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June 30, |
|
|
|
2026 |
|
|
2025 |
|
Options to purchase Common Stock |
|
|
11,788,535 |
|
|
|
11,701,432 |
|
Warrants to purchase Common Stock |
|
|
432 |
|
|
|
2,787,714 |
|
Series A Convertible Preferred Stock |
|
|
877 |
|
|
|
877 |
|
|
|
|
11,789,844 |
|
|
|
14,490,023 |
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