v3.26.1
Business Segment Information (Tables)
 3 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Summary of Disaggregated Expense

In addition to the significant expense categories included within Consolidated Net Loss presented in the Company’s Condensed Consolidated Statements of Operations and Other Comprehensive Loss, see below for disaggregated expense amounts for the three months ended June 30, 2026 and 2025 (in thousands):

 

 

Three Months Ended

 

 

Three Months Ended

 

 

June 30, 2026

 

 

June 30, 2025

 

Revenue

 

 

 

 

 

    Royalty revenue

$

18

 

 

$

37

 

Total revenue

 

18

 

 

 

37

 

Operating expenses

 

 

 

 

 

     Research and development expenses (a)(b)

 

1,082

 

 

 

932

 

     Selling, general, and administrative expenses (a)(b)

 

1,564

 

 

 

1,881

 

     Non-cash stock-based compensation (see Note 4)

 

91

 

 

 

78

 

     Depreciation and amortization

 

40

 

 

 

61

 

Total operating expense

$

2,777

 

 

$

2,952

 

Consolidated operating loss

$

(2,759

)

 

$

(2,915

)

 

(a) Stock-based compensation expense of $14,000 and $13,000 related to research and development and $77,000 and $65,000, related to selling, general, and administration have been excluded for the three months ended June 30, 2026 and 2025, respectively.

(b) Depreciation and amortization expense of $36,000 and $56,000 related to research and development as well as $4,000 and $5,000 related to selling, general, and administration have been excluded for the three months ended June 30, 2026 and 2025, respectively.