v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information

12. Segment Information

The Company has viewed its operations and manages its business as one operating and reporting segment. Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the Company’s CODM to make decisions with respect to resource allocation and assessment of performance. The Company’s CODM is its Chief Executive Officer (the “CEO”), who reviews and evaluates consolidated net loss for purposes of assessing performance, making operating decisions, allocating resources, and planning and forecasting for future periods. The determination of a single segment is consistent with the financial information regularly reviewed by the CEO.

The CEO regularly reviews the condensed consolidated statement of operations and a disaggregation of operating expenses, of which the significant expenses are related to research and development. The following table represents the significant segment expenses regularly provided to the CEO:

 

 

 

For the Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Research and Development

 

 

 

 

 

 

Research

 

$

1,487

 

 

$

2,571

 

Development

 

 

19,350

 

 

 

24,875

 

Personnel related

 

 

7,834

 

 

 

7,018

 

Stock-based compensation

 

 

1,335

 

 

 

1,377

 

Total research and development

 

 

30,006

 

 

$

35,841

 

General and administration

 

 

 

 

 

 

Personnel related

 

$

2,992

 

 

$

2,896

 

Stock-based compensation

 

 

1,600

 

 

 

1,799

 

External

 

 

3,302

 

 

 

3,905

 

Total general and administrative

 

 

7,894

 

 

 

8,600

 

Loss from Operations

 

$

37,900

 

 

$

44,441