v3.26.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Royalty revenues $ 104 $ 121 $ 145 $ 230
Costs and expenses:        
Research and development 5,915 11,580 12,680 22,057
Selling, general and administrative 3,804 3,318 9,930 7,332
Total operating expenses 9,719 14,898 22,610 29,389
Loss from operations (9,615) (14,777) (22,465) (29,159)
Other income (expense), net:        
Interest income 382 835 888 1,776
Other income (expense), net 1 (1) 0 6
Total other income (expense), net 383 834 888 1,782
Net loss (9,232) (13,943) (21,577) (27,377)
Preferred stock dividend payable on Series A Convertible Preferred Stock (6) (6) (12) (12)
Net loss attributable to common stockholders $ (9,238) $ (13,949) $ (21,589) $ (27,389)
Net loss per common share - basic $ (0.14) $ (0.21) $ (0.32) $ (0.41)
Net loss per common share - diluted $ (0.14) $ (0.21) $ (0.32) $ (0.41)
Weighted-average shares outstanding - basic 68,397 66,526 68,373 66,525
Weighted-average shares outstanding - diluted 68,397 66,526 68,373 66,525