| SCHEDULE OF SEGMENT INFORMATION |
The
table below details the Company’s revenues and expenses and reconciles those amounts to the Company’s net loss as computed
under GAAP in the statements of operations and comprehensive loss:
SCHEDULE
OF SEGMENT INFORMATION
| | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
(in thousands) | |
| Revenue | |
$ | - | | |
$ | - | |
| | |
| | | |
| | |
| Less: | |
| | | |
| | |
| Research and development, excluding salaries | |
| 4,657 | | |
| 3,113 | |
| Salaries | |
| 2,052 | | |
| 1,809 | |
| Insurance | |
| 176 | | |
| 214 | |
| Stock-based compensation | |
| 2,273 | | |
| 1,482 | |
| Operating expenses | |
| 487 | | |
| 1,174 | |
| Operating loss | |
| (9,645) | | |
| (7,792) | |
| Other income | |
| 174 | | |
| 336 | |
| Net loss | |
$ | (9,471) | | |
$ | (7,456) | |
| | |
2026 | | |
2025 | |
| | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
(in thousands) | |
| Revenue | |
$ | - | | |
$ | - | |
| | |
| | | |
| | |
| Less: | |
| | | |
| | |
| Research and development, excluding salaries | |
| 8,449 | | |
| 6,485 | |
| Salaries | |
| 4,122 | | |
| 3,303 | |
| Insurance | |
| 447 | | |
| 432 | |
| Stock-based compensation | |
| 4,055 | | |
| 3,014 | |
| Operating expenses | |
| 1,743 | | |
| 2,374 | |
| Operating loss | |
| (18,816) | | |
| (15,608) | |
| Other income | |
| 417 | | |
| 660 | |
| Net loss | |
$ | (18,399) | | |
$ | (14,948) | |
|