v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 151,443,000 $ 59,050,000
Marketable securities, available for sale 11,862,000 0
Prepaid expenses and other current assets 2,288,000 1,789,000
Total current assets 165,593,000 60,839,000
Property and equipment, net 414,000 618,000
Operating lease right-of-use asset 661,000 387,000
Other assets 409,000 273,000
Total assets 167,077,000 62,117,000
Current liabilities:    
Accounts payable 2,309,000 1,433,000
Accrued expenses and other current liabilities 6,229,000 3,939,000
Operating lease liabilities, current portion 251,000 549,000
Total current liabilities 8,789,000 5,921,000
Long-term operating lease liabilities 539,000 0
Other long-term liabilities 12,000 12,000
Total liabilities 9,340,000 5,933,000
Commitments and contingencies
Stockholders' equity:    
Additional paid-in capital 420,353,000 270,424,000
Accumulated other comprehensive loss (30,000) 0
Accumulated deficit (262,590,000) (214,241,000)
Total stockholders' equity 157,737,000 56,184,000
Total liabilities and stockholders' equity 167,077,000 62,117,000
Class A Common Stock [Member]    
Stockholders' equity:    
Common stocks 4,000 1,000
Class B Common Stock [Member]    
Stockholders' equity:    
Common stocks $ 0 $ 0