v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Operating expenses:            
Research and development expenses $ 302 $ 1,860 $ 1,080 $ 2,776 $ 5,054 $ 3,378
General and administrative expenses 2,700 3,092 5,578 5,792 31,703 12,041
Total operating expenses 3,002 4,952 6,658 8,568 36,757 15,419
Operating loss (3,002) (4,952) (6,658) (8,568) (36,757) (15,419)
Other income (expense):            
Other expense, net (1,536) (1,023) (1,826) (1,992) (2,176) (890)
Loss on equity method investment (86) (154)    
Interest income 4 12 28 13
Interest expense (17) (57) (66) (233) (319) (1,506)
Total other expense, net (1,639) (1,076) (2,046) (2,213) (2,467) (2,383)
Net loss $ (4,641) $ (6,028) $ (8,704) $ (10,781) $ (39,224) $ (17,802)
Diluted net loss per share $ (8.71) $ (10,940.11) $ (28.60) $ (31,557.04) $ (11,779.12) $ (612,360.21)
Basic net loss per share $ (8.71) $ (10,940.11) $ (28.60) $ (31,557.04) $ (11,779.12) $ (612,360.21)
Diluted weighted-average common shares outstanding 532,999 551 304,293 342 3,330 29
Basic weighted-average common shares outstanding 532,999 551 304,293 342 3,330 29
Comprehensive loss:            
Foreign currency translation adjustment $ (73) $ (77) $ 174 $ (145) $ (430) $ 3
Total comprehensive loss $ (4,714) $ (6,105) $ (8,530) $ (10,926) $ (39,654) $ (17,799)