Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Operating expenses | ||||
| General and administrative | $ 1,983,000 | $ 373,000 | $ 3,546,000 | $ 522,000 |
| Research and development | 1,154,000 | 24,000 | 1,597,000 | 30,000 |
| Stock-based compensation | 7,900,000 | 595,000 | 10,634,000 | 604,000 |
| Depreciation | 5,000 | 1,000 | 6,000 | 1,000 |
| Change in fair value of legal settlement liability | (4,911,000) | 0 | (9,601,000) | 0 |
| Total operating expenses | 6,131,000 | 993,000 | 6,182,000 | 1,157,000 |
| Loss from operations | (6,131,000) | (993,000) | (6,182,000) | (1,157,000) |
| Other income (loss) | ||||
| Change in fair value of Simple Agreements for Future Equity | 18,427,000 | (5,769,000) | 31,846,000 | (5,825,000) |
| Change in fair value of warrant liabilities | 5,262,000 | 0 | 5,262,000 | 0 |
| Total other income (loss) | 23,689,000 | (5,769,000) | 37,108,000 | (5,825,000) |
| Income (loss) before provision for income taxes | 17,558,000 | (6,762,000) | 30,926,000 | (6,982,000) |
| Provision for income taxes | 0 | 0 | 0 | 0 |
| Net income (loss) and comprehensive income (loss) | 17,558,000 | (6,762,000) | 30,926,000 | (6,982,000) |
| Undistributed earnings allocated to participating securities | (659,000) | 0 | (917,000) | 0 |
| Net income (loss) attributable to common shareholders | $ 16,899,000 | $ (6,762,000) | $ 30,009,000 | $ (6,982,000) |
| Net income (loss) per share: | ||||
| Net income (loss) per share - Basic | $ 0.3 | $ (0.15) | $ 0.58 | $ (0.15) |
| Weighted average shares outstanding - Basic | 56,967,986 | 45,684,836 | 51,552,343 | 45,349,227 |
| Net loss per share - Diluted | $ (0.03) | $ (0.15) | $ (0.03) | $ (0.15) |
| Weighted average shares outstanding - Diluted | 58,902,057 | 45,684,836 | 54,240,683 | 45,349,227 |
| X | ||||||||||
- Definition Gain loss on change in fair value of legal settlement liability. No definition available.
|
| X | ||||||||||
- Definition Gain loss on change in fair value of simple agreements for future equity. No definition available.
|
| X | ||||||||||
- Definition The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- 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/2009/role/commonPracticeRef
|
| X | ||||||||||
- 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/disclosureRef
|
| X | ||||||||||
- 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/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- 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/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes 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/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of undistributed earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|