CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues: | ||||||||
| Total revenues | $ 9,014 | $ 9,084 | $ 21,034 | $ 18,567 | ||||
| Costs and operating expenses: | ||||||||
| Collaborative arrangements | [1] | 77 | 283 | 77 | 744 | |||
| Related party transactions | [1] | 32 | 21 | 55 | 35 | |||
| Research and development expense | 1,963 | 14,935 | 5,971 | 31,429 | ||||
| Depreciation expense | 962 | 1,054 | 1,901 | 1,835 | ||||
| Selling, general and administrative expense | 8,750 | 19,106 | 17,343 | 34,854 | ||||
| Total cost and operating expenses | 18,887 | 41,325 | 40,718 | 81,861 | ||||
| Loss from operations | (9,873) | (32,241) | (19,684) | (63,294) | ||||
| Other income (expense): | ||||||||
| Interest income, net | 105 | 192 | 209 | 630 | ||||
| Fair value gain on equity securities | 208,104 | 0 | 208,104 | 0 | ||||
| Other income (expense), net | (1,118) | 2,885 | (1,541) | 20,803 | ||||
| Total other income (expense), net | 207,091 | 3,077 | 206,772 | 21,433 | ||||
| Loss from equity method investees, net | (12,913) | (3,335) | (17,462) | (9,867) | ||||
| Net income (loss) | 184,305 | (32,499) | 169,626 | (51,728) | ||||
| Other comprehensive loss: | ||||||||
| Changes in credit risk of fair value instruments | (700) | (1,605) | (700) | 1,091 | ||||
| Foreign currency translation adjustments | 92 | (313) | 84 | (754) | ||||
| Comprehensive income (loss) | $ 183,697 | $ (34,417) | $ 169,010 | $ (51,391) | ||||
| Net income (loss) per common share - basic (in usd per share) | $ 15.81 | $ (14.90) | $ 17.00 | $ (24.94) | ||||
| Net income (loss) per common share - diluted (in usd per share) | $ 15.81 | $ (14.90) | $ 17.00 | $ (24.94) | ||||
| Weighted-average number of common shares outstanding - basic (in shares) | [2] | 11,660,592 | 2,181,217 | 9,975,931 | 2,073,777 | |||
| Weighted-average number of common shares outstanding - diluted (in shares) | [2] | 11,660,592 | 2,181,217 | 9,975,931 | 2,073,777 | |||
| Collaborative arrangements | ||||||||
| Revenues: | ||||||||
| Total revenues | $ 275 | $ 1,313 | $ 275 | $ 2,363 | ||||
| Service and Grants | ||||||||
| Costs and operating expenses: | ||||||||
| Contracts with customers and grants | [1] | 3,325 | 2,194 | 7,534 | 5,096 | |||
| Service and Grants | Nonrelated Party | ||||||||
| Revenues: | ||||||||
| Total revenues | 4,228 | 2,766 | 11,507 | 5,823 | ||||
| Tangible Products | ||||||||
| Costs and operating expenses: | ||||||||
| Contracts with customers and grants | [1] | 3,778 | 3,732 | 7,837 | 7,868 | |||
| Tangible Products | Nonrelated Party | ||||||||
| Revenues: | ||||||||
| Total revenues | 3,842 | 3,818 | 7,892 | 8,022 | ||||
| Service | Related Party | ||||||||
| Revenues: | ||||||||
| Total revenues | $ 669 | $ 1,187 | $ 1,360 | $ 2,359 | ||||
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- Definition Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization, Collaborative Arrangements No definition available.
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- Definition Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization, Related Party No definition available.
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, after tax and reclassification adjustment, of gain (loss) from increase (decrease) in instrument-specific credit risk of financial liability measured under fair value option, attributable to parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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