v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Summary of Disaggregated Amounts of Operating Expenses

The following table presents information about reported segment loss and significant segment expenses 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

 

Segment research and development (a) (b)

 

$

(1,874

)

 

$

(3,664

)

 

$

(5,135

)

 

$

(7,704

)

Segment general and administrative (a) (b)

 

 

(1,591

)

 

 

(1,769

)

 

 

(3,373

)

 

 

(3,661

)

Stock-based compensation (see Note 7)

 

 

(540

)

 

 

(1,174

)

 

 

(1,101

)

 

 

(1,724

)

Depreciation expense

 

 

(7

)

 

 

(14

)

 

 

(14

)

 

 

(29

)

Operating loss

 

$

(4,012

)

 

$

(6,621

)

 

$

(9,623

)

 

$

(13,118

)

 

a)
Stock-based compensation expense of $224,000 and $381,000 related to research and development and $316,000 and $793,000 related to general and administrative have been excluded for the three months ended June 30, 2026 and 2025, respectively. Stock-based compensation expense of $443,000 and $559,000 related to research and development and $658,000 and $1,165,000 related to general and administrative have been excluded for the six months ended June 30, 2026 and 2025, respectively. All amounts are included within stock-based compensation expense.
b)
Depreciation expense of $4,000 and $7,000 related to research and development and $3,000 and $8,000 related to general and administrative have been excluded for the three months ended June 30, 2026 and 2025, respectively. Depreciation expense of $8,000 and $14,000 related to research and development and $6,000 and $16,000 related to general and administrative have been excluded for the six months ended June 30, 2026 and 2025, respectively. All amounts are included within depreciation expense.