v3.26.1
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue from Contract with Customer, Product and Service [Extensible List] License [Member] License [Member] License [Member] License [Member]
Revenue $ 0 $ 0 $ 0 $ 0
Operating expenses:        
Research and development 11,700 8,680 22,646 18,599
General and administrative 4,455 4,352 9,053 8,822
Expense from operations 16,155 13,032 31,699 27,421
Loss from operations (16,155) (13,032) (31,699) (27,421)
Other income (expense)        
Interest income 1,029 804 1,832 1,416
Other expense (26) (230) (52) (155)
Total other income 1,003 574 1,780 1,261
Net loss (15,152) (12,458) (29,919) (26,160)
Unrealized (loss) gain on investments (63) 1 (69) (1)
Comprehensive loss $ (15,215) $ (12,457) $ (29,988) $ (26,161)
Net loss per share – basic (in dollars per share) $ (0.12) $ (0.24) $ (0.25) $ (0.51)
Net loss per share – diluted (in dollars per share) $ (0.12) $ (0.24) $ (0.25) $ (0.51)
Weighted-average shares outstanding – basic (in shares) 129,779,297 51,002,247 121,675,471 50,984,031
Weighted-average shares outstanding – diluted (in shares) 129,779,297 51,002,247 121,675,471 50,984,031