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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION 13 - SEGMENT INFORMATION
Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by its Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its CEO. The Company has determined that it operates in one operating segment, as the CODM reviews financial information presented on a combined basis for purposes
of making operating decisions, allocating resources, and evaluating financial performance. The Company’s segment reporting is consistent with its internal reporting to its CODM.
The operating loss of the segment is the same as the Company’s consolidated operating loss as reported in the unaudited condensed consolidated statements of operations. The measure of segment assets is reported in the Company’s unaudited condensed consolidated balance sheets as total assets.
The following table presents information about the Company’s significant expenses. A significant segment expense is an expense that is significant to the segment considering qualitative and quantitative factors, regularly provided or easily computed from information regularly provided to the CODM and is included in the reported measure of segment profit or loss. The Company’s significant expenses are aggregated and presented as general and administrative and research and development financial statement line items in the unaudited condensed consolidated statements of operations. Other segment items represent the difference between reported significant segment expenses and consolidated operating loss.
For the three and six months ended June 30, 2026 and 2025, the Company's operating loss by significant segment expenses were as follows:
Three Months EndedSix Months Ended
(in thousands)June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Outside services$572 $1,042 $1,391 $2,289 
Employee compensation-related771 984 1,613 1,742 
Insurance182 255 403 549 
Share-based compensation486 495 1,083 912 
Rent, property and office267 326 552 693 
Other segment items (1)246 137 336 236 
Total operating loss$2,524 $3,239 $5,378 $6,421 
(1) Other segment items primarily include depreciation and amortization, meals, travel, and conference expense, and franchise taxes.