v3.26.1
Segments - Schedule of Other Financial Information Regarding The Company’s Operating Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating expenses:            
Research personnel compensation costs, including stock-based compensation         $ 375 $ 82
Total segment expenses $ 2,545   $ 1,003   6,551 2,427
Loss from operations (2,545)   (1,003)   (6,551) (2,427)
Loss on change in the fair value of convertible notes (4,251)   (153)   (5,048) (309)
Gain on change in fair value of warrant liabilities 418     676
Interest expense (including related parties amounts of $5 and $533 for the three months ended June 30, 2026 and 2025, and $10 and $1,142 for the six months ended June 30, 2026 and 2025, respectively) (21)   (1,193)   (39) (2,328)
Gain on extinguishment of PPP loan         1,391
Financing costs (2,410)     (2,470)
Other income 54   1   125
Total other expense, net (6,210)   (1,345)   (5,660) (2,637)
Net loss (8,755) $ (3,456) (2,348) $ (2,716) (12,211) (5,064)
Operating Segment [Member]            
Operating expenses:            
Research personnel compensation costs, including stock-based compensation 289   320   586 658
Contract research organization and regulatory costs 431     1,066
Administrative personnel compensation costs, including stock-based compensation 653   401   1,352 736
Rent and office costs 96   118   223 318
Legal and accounting costs 379   110   1,599 649
Other expenses [1] 697   54   1,725 66
Total segment expenses 2,545   1,003   6,551 2,427
Loss from operations (2,545)   (1,003)   (6,551) (2,427)
Loss on change in the fair value of convertible notes (4,251)   (153)   (5,048) (309)
Gain on change in fair value of warrant liabilities 418     676
Loss on disposal of digital assets     (295)
Interest expense (including related parties amounts of $5 and $533 for the three months ended June 30, 2026 and 2025, and $10 and $1,142 for the six months ended June 30, 2026 and 2025, respectively) (21)   (1,193)   (39) (2,328)
Gain on extinguishment of PPP loan     1,391
Financing costs (2,410)     (2,470)
Other income 54   1   125
Total other expense, net (6,210)   (1,345)   (5,660) (2,637)
Net loss $ (8,755)   $ (2,348)   $ (12,211) $ (5,064)
[1] Other expenses includes public relations costs, insurance costs, third party professional services and consulting costs and small balances of research materials and supplies.