Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Operating expenses: | ||||
| Research and development | $ 22,186 | $ 8,469 | $ 42,506 | $ 21,011 |
| Research and development - related party | 150 | 150 | 300 | 300 |
| General and administrative | 2,267 | 2,960 | 4,236 | 6,392 |
| Total operating expenses | 24,603 | 11,579 | 47,042 | 27,703 |
| Loss from operations | (24,603) | (11,579) | (47,042) | (27,703) |
| Other income, net | 1,465 | 330 | 2,141 | 798 |
| Net loss before taxes | (23,138) | (11,249) | (44,901) | (26,905) |
| Income tax expense | (193) | 0 | (566) | 0 |
| Net loss | $ (23,331) | $ (11,249) | $ (45,467) | $ (26,905) |
| Net loss per share - basic | $ (0.97) | $ (0.96) | $ (2.18) | $ (2.32) |
| Net loss per share - diluted | $ (0.97) | $ (0.96) | $ (2.18) | $ (2.32) |
| Weighted average shares and pre-funded warrants outstanding, basic | 23,787,713 | 11,744,143 | 20,828,996 | 11,572,510 |
| Weighted average shares and pre-funded warrants outstanding, diluted | 23,787,713 | 11,744,143 | 20,828,996 | 11,572,510 |
| Comprehensive Loss: | ||||
| Net loss | $ (23,331) | $ (11,249) | $ (45,467) | $ (26,905) |
| Unrealized loss on available-for-sale securities, net | (50) | 0 | (57) | (11) |
| Comprehensive loss | $ (23,381) | $ (11,249) | $ (45,524) | $ (26,916) |
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- Definition Research and development for related party. No definition available.
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- Definition Weighted average number of shares and pre-funded warrants outstanding, basic. No definition available.
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- Definition Weighted average number of shares and pre-funded warrants outstanding, diluted. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after tax and adjustment, of unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale) and unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for research and development. Excludes cost for computer software product to be sold, leased, or otherwise marketed, writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both, and write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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