v3.26.1
Condensed Statements of Changes in Stockholders' Equity / Former Parent's Deficit - USD ($)
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Retained Earnings / Accumulated Deficit
Net Investment from Former Parent
Beginning balance at Dec. 31, 2024           $ (61,108,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss $ (7,449,000)         (7,449,000)
Transfers from Former Parent 12,262,000         12,262,000
Ending balance at Mar. 31, 2025 (56,295,000)         (56,295,000)
Beginning balance at Dec. 31, 2024           (61,108,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (20,328,000)          
Ending balance at Jun. 30, 2025 (56,176,000)         (56,176,000)
Beginning balance at Mar. 31, 2025 (56,295,000)         (56,295,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (12,879,000)         (12,879,000)
Transfers from Former Parent 12,998,000         12,998,000
Ending balance at Jun. 30, 2025 $ (56,176,000)         (56,176,000)
Beginning balance (in shares) at Dec. 31, 2025 0          
Beginning balance at Dec. 31, 2025 $ (62,713,000)         (62,713,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (16,633,000)       $ 12,128,000 (28,761,000)
Transfers from Former Parent 313,414,000         313,414,000
Stock-based compensation 36,000   $ 36,000      
Issuance of common stock in connection with Spin-Off and reclassification of Net Investment from Former Parent (in shares)   17,106,000        
Issuance of common stock in connection with Spin-Off and reclassification of Net Investment from Former Parent   $ 16,000 221,924,000     (221,940,000)
Ending balance (in shares) at Mar. 31, 2026   17,106,000        
Ending balance at Mar. 31, 2026 $ 234,104,000 $ 16,000 221,960,000   12,128,000  
Beginning balance (in shares) at Dec. 31, 2025 0          
Beginning balance at Dec. 31, 2025 $ (62,713,000)         $ (62,713,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss $ (36,819,000)          
Ending balance (in shares) at Jun. 30, 2026 17,106,000 17,106,000        
Ending balance at Jun. 30, 2026 $ 214,576,000 $ 16,000 222,853,000 $ (235,000) (8,058,000)  
Beginning balance (in shares) at Mar. 31, 2026   17,106,000        
Beginning balance at Mar. 31, 2026 234,104,000 $ 16,000 221,960,000   12,128,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (20,186,000)       (20,186,000)  
Stock-based compensation 893,000   893,000      
Net unrealized loss on short-term investments $ (235,000)     (235,000)    
Ending balance (in shares) at Jun. 30, 2026 17,106,000 17,106,000        
Ending balance at Jun. 30, 2026 $ 214,576,000 $ 16,000 $ 222,853,000 $ (235,000) $ (8,058,000)