v3.26.1
CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Pre-Funded Warrants
Common Stock Warrants
Common Stock
Common Stock
Pre-Funded Warrants
Common Stock
Common Stock Warrants
Additional Paid-In Capital
Additional Paid-In Capital
Common Stock Warrants
Accumulated Other Comprehensive (Loss) Income
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024       47,714,708            
Beginning balance at Dec. 31, 2024 $ 79,626     $ 5     $ 461,339   $ 2 $ (381,720)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Exercise of stock options and purchases pursuant to employee stock purchase plan (in shares)       6,859            
Exercise of stock options and purchases pursuant to employee stock purchase plan 8           8      
Issuance of common stock upon settlement of restricted stock units (in shares)       232,076            
Shares withheld related to net share settlement (in shares)       (54,403)            
Taxes paid related to net share settlement of restricted stock units (65)           (65)      
Unrealized (loss) gain on investments (2)               (2)  
Stock-based compensation expense 1,721           1,721      
Net loss (13,702)                 (13,702)
Ending balance (in shares) at Mar. 31, 2025       47,899,240            
Ending balance at Mar. 31, 2025 67,586     $ 5     463,003   0 (395,422)
Beginning balance (in shares) at Dec. 31, 2024       47,714,708            
Beginning balance at Dec. 31, 2024 79,626     $ 5     461,339   2 (381,720)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Unrealized (loss) gain on investments (1)                  
Net loss (26,160)                  
Ending balance (in shares) at Jun. 30, 2025       47,903,215            
Ending balance at Jun. 30, 2025 57,019     $ 5     464,893   1 (407,880)
Beginning balance (in shares) at Mar. 31, 2025       47,899,240            
Beginning balance at Mar. 31, 2025 67,586     $ 5     463,003   0 (395,422)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock upon settlement of restricted stock units (in shares)       3,975            
Unrealized (loss) gain on investments 1               1  
Stock-based compensation expense 1,890           1,890      
Net loss (12,458)                 (12,458)
Ending balance (in shares) at Jun. 30, 2025       47,903,215            
Ending balance at Jun. 30, 2025 57,019     $ 5     464,893   1 (407,880)
Beginning balance (in shares) at Dec. 31, 2025       63,279,843            
Beginning balance at Dec. 31, 2025 82,390     $ 7     512,906   6 (430,529)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Proceeds from sale of common stock, net of offering costs (in shares)       5,000,000            
Proceeds from sale of common stock, net of offering costs 20,562           20,562      
Exercise of common stock warrants into common stock and pre-funded warrants (in shares)         6,928,891 153,664        
Exercise of common stock warrants into common stock and pre-funded warrants     $ 5,444         $ 5,444    
Exercise of stock options and purchases pursuant to employee stock purchase plan (in shares)       68,916            
Exercise of stock options and purchases pursuant to employee stock purchase plan 59           59      
Issuance of common stock upon settlement of restricted stock units (in shares)       206,513            
Shares withheld related to net share settlement (in shares)       (56,040)            
Taxes paid related to net share settlement of restricted stock units (262)           (262)      
Unrealized (loss) gain on investments (6)               (6)  
Stock-based compensation expense 2,415           2,415      
Net loss (14,767)                 (14,767)
Ending balance (in shares) at Mar. 31, 2026       75,581,787            
Ending balance at Mar. 31, 2026 95,835     $ 7     541,124   0 (445,296)
Beginning balance (in shares) at Dec. 31, 2025       63,279,843            
Beginning balance at Dec. 31, 2025 82,390     $ 7     512,906   6 (430,529)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Proceeds from sale of common stock, net of offering costs (in shares)   7,870,624                
Exercise of common stock warrants into common stock and pre-funded warrants (in shares)   41,964,300 6,701,271              
Unrealized (loss) gain on investments (69)                  
Net loss (29,919)                  
Ending balance (in shares) at Jun. 30, 2026       100,726,022            
Ending balance at Jun. 30, 2026 211,136     $ 10     671,637   (63) (460,448)
Beginning balance (in shares) at Mar. 31, 2026       75,581,787            
Beginning balance at Mar. 31, 2026 95,835     $ 7     541,124   0 (445,296)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Proceeds from sale of common stock, net of offering costs (in shares)       13,691,876            
Proceeds from sale of common stock, net of offering costs 80,198     $ 1     80,197      
Exercise of common stock warrants into common stock and pre-funded warrants (in shares)         4,825,575 6,547,607        
Exercise of common stock warrants into common stock and pre-funded warrants 0   $ 47,335 $ 1   $ 1 (1) $ 47,334    
Exercise of stock options and purchases pursuant to employee stock purchase plan (in shares)       76,170            
Exercise of stock options and purchases pursuant to employee stock purchase plan 257           257      
Issuance of common stock upon settlement of restricted stock units (in shares)       3,975            
Shares withheld related to net share settlement (in shares)       (968)            
Taxes paid related to net share settlement of restricted stock units (7)           (7)      
Unrealized (loss) gain on investments (63)               (63)  
Stock-based compensation expense 2,733           2,733      
Net loss (15,152)                 (15,152)
Ending balance (in shares) at Jun. 30, 2026       100,726,022            
Ending balance at Jun. 30, 2026 $ 211,136     $ 10     $ 671,637   $ (63) $ (460,448)