BALANCE SHEET COMPONENTS (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2026

Dec. 31, 2025

Balance Sheet Related Disclosures [Abstract]

Schedule of Prepaid Expenses and Other Assets

Prepaid expenses and other current assets consisted of the following as of June 30, 2026 and December 31, 2025:


(in thousands)		JUNE 30, 2026				DECEMBER 31, 2025
Research and development		$	129			$	3,372
Insurance			104				409
Other prepaids			669				219
Other current assets			3,502				2,517

		$	4,404			$	6,517

Prepaid expenses and other assets consisted of the following as of December 31, 2025 and 2024:


(in thousands)		DECEMBER 31, 2025				DECEMBER 31, 2024
Research and development		$	3,372			$	697
Insurance			409				424
Other prepaids			219				214
Other current assets			2,517				995

		$	6,517			$	2,330

Schedule of Accrued Expenses

Accrued expenses consisted of the following as of June 30, 2026 and December 31, 2025:


(in thousands)		JUNE 30, 2026				DECEMBER 31, 2025
Compensation and related expenses		$	1,057			$	2,334
Professional fees			343				1,039
Research and development			35				394
Other accrued expenses			30				24

		$	1,465			$	3,791

Accrued expenses consisted of the following as of December 31, 2025 and 2024:


(in thousands)		DECEMBER 31, 2025				DECEMBER 31, 2024
Research and development		$	394			$	1,197
Compensation and related expenses			2,334				3,095
Professional fees			1,039				510
Other			24				160

		$	3,791			$	4,962

Schedule of Property and Equipment, Net

Property and equipment consisted of the following as of December 31, 2025 and 2024:


(in thousands)		DECEMBER 31, 2025				DECEMBER 31, 2024
Computer and other equipment		$	191			$	191
Capitalized software			89				89
Furniture and fixtures			76				151
Leasehold improvements			147				338

Total property and equipment			503				769
Less: accumulated depreciation			(480	)			(654	)

Total property and equipment—net		$	23			$	115