v3.26.1
Condensed Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue
Operating expenses:        
Research and development 6,508 4,758 12,286 9,456
General and administrative 3,137 3,034 6,530 6,152
Total operating expenses 9,645 7,792 18,816 15,608
Operating loss (9,645) (7,792) (18,816) (15,608)
Other income:        
Interest income 127 224 300 408
Bond accretion income 47 112 117 252
Total other income 174 336 417 660
Net loss $ (9,471) $ (7,456) $ (18,399) $ (14,948)
Net loss per share - basic $ (0.21) $ (0.20) $ (0.41) $ (0.41)
Net loss per share - diluted $ (0.21) $ (0.20) $ (0.41) $ (0.41)
Weighted-average shares outstanding - basic 44,959,426 37,946,330 44,557,426 36,346,125
Weighted-average shares outstanding - diluted 44,959,426 37,946,330 44,557,426 36,346,125
Other comprehensive loss:        
Net unrealized gain (loss) on marketable securities $ 3 $ (26) $ (11) $ (61)
Comprehensive loss $ (9,468) $ (7,482) $ (18,410) $ (15,009)