| Segment Reporting |
The table below shows a reconciliation of the Company's net loss, including the significant expense categories regularly provided to and reviewed by the CODM, as computed under U.S. GAAP, to the Company's total consolidated net loss in the condensed consolidated statements of operations: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Revenue: | | | | | | | | | Product sales, net | $ | 1,736 | | | $ | — | | | $ | 3,387 | | | $ | — | | | License revenue | 3,750 | | | 5,000 | | | 4,000 | | | 5,000 | | | Total revenue | 5,486 | | | 5,000 | | | 7,387 | | | 5,000 | | | Operating expenses: | | | | | | | | Cost of sales(1) | 252 | | | — | | | 1,303 | | | — | | Sales and marketing expenses(1) | 29,262 | | | 7,057 | | | 62,340 | | | 11,963 | | General and administrative expenses(1) | 5,672 | | | 3,621 | | | 13,260 | | | 7,926 | | Research and development expenses(1) | — | | | 8,334 | | | — | | | 13,499 | | | Share-based compensation expense | 4,472 | | | 2,845 | | | 8,791 | | | 5,400 | | | Total operating expenses | 39,658 | | | 21,857 | | | 85,694 | | | 38,788 | | | Loss from operations | (34,172) | | | (16,857) | | | (78,307) | | | (33,788) | | | Other (expense) income: | | | | | | | | | Other (expense) income | (13) | | | 199 | | | (10) | | | 188 | | | Interest income | 2,270 | | | 2,246 | | | 4,914 | | | 4,569 | | | Net loss before income taxes | (31,915) | | | (14,412) | | | (73,403) | | | (29,031) | | | Income tax expense | 3 | | | 500 | | | 3 | | | 500 | | | Net loss | $ | (31,918) | | | $ | (14,912) | | | $ | (73,406) | | | $ | (29,531) | |
__________________ (1)Amounts exclude share-based compensation expense.
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