RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 9: RELATED PARTY TRANSACTIONS
On January 20, 2026, the Company entered into a consulting agreement with N.L.T. Management and Asset Holdings Company Ltd. (the “Consulting Entity”), an immediate family member of a former director of the Company. The director resigned from the Board on June 5, 2026. Under the agreement, the Consulting Entity provides general business advice and services related to business development activities and potential ongoing operations in exchange for (i) annual consulting fees of $41,000, payable on a monthly basis; and (ii) a one-time, nonrefundable cash signing bonus of $50,000. On April 30, 2026, the Company entered into a separate agreement with the Consulting Entity whereby the Consulting Entity would provide services as follows: transition of control assistance and support, file maintenance, and corporate secretary assistance through June 30, 2026. During the six months ended June 30, 2026, the Company recognized $0.1 million in expense in connection with these agreements, presented within general and administrative expenses in the unaudited condensed consolidated statements of operations. The amount payable to the Consulting Entity as of June 30, 2026 was approximately $7,000.
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