v3.26.3
STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Registered Direct Offerings
Common Stock
Registered Direct Offerings
Additional Paid-in Capital
Registered Direct Offerings
At The Market Offering
Common Stock
At The Market Offering
Additional Paid-in Capital
At The Market Offering
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Beginning Balances at Dec. 31, 2024             $ 60 $ 193,850 $ (175,160) $ 18,750
Beginning Balances (in shares) at Dec. 31, 2024             59,854,877      
Shareholders' Equity                    
Issuance of common stock       $ 2 $ 1,458 $ 1,460        
Issuance of common stock (in shares)       2,004,729            
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes               (46)   (46)
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes (in shares)             115,149      
Equity-based compensation               586   586
Net loss                 (8,480) (8,480)
Ending Balances at Mar. 31, 2025             $ 62 195,848 (183,640) 12,270
Ending Balances (in shares) at Mar. 31, 2025             61,974,755      
Beginning Balances at Dec. 31, 2024             $ 60 193,850 (175,160) 18,750
Beginning Balances (in shares) at Dec. 31, 2024             59,854,877      
Shareholders' Equity                    
Net loss                   (20,144)
Ending Balances at Sep. 30, 2025             $ 88 231,745 (195,304) 36,529
Ending Balances (in shares) at Sep. 30, 2025             88,268,078      
Beginning Balances at Dec. 31, 2024             $ 60 193,850 (175,160) 18,750
Beginning Balances (in shares) at Dec. 31, 2024             59,854,877      
Shareholders' Equity                    
Issuance of common stock (in shares)           13,624,062        
Net loss                   (23,487)
Ending Balances at Dec. 31, 2025             $ 90 232,828 (198,647) 34,271
Ending Balances (in shares) at Dec. 31, 2025             88,904,161      
Beginning Balances at Mar. 31, 2025             $ 62 195,848 (183,640) 12,270
Beginning Balances (in shares) at Mar. 31, 2025             61,974,755      
Shareholders' Equity                    
Issuance of common stock       $ 3 874 $ 877        
Issuance of common stock (in shares)       2,921,744            
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes               (5)   (5)
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes (in shares)             66,458      
Equity-based compensation               621   621
Net loss                 (6,734) (6,734)
Ending Balances at Jun. 30, 2025             $ 65 197,338 (190,374) 7,029
Ending Balances (in shares) at Jun. 30, 2025             64,962,957      
Shareholders' Equity                    
Issuance of common stock $ 15 $ 27,875 $ 27,890 $ 8 5,981 5,989        
Issuance of common stock (in shares) 14,700,000     8,233,146            
Exercise of common stock options               65   65
Exercise of common stock options (in shares)             44,195      
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes               (36)   (36)
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes (in shares)             327,780      
Equity-based compensation               522   522
Net loss                 (4,930) (4,930)
Ending Balances at Sep. 30, 2025             $ 88 231,745 (195,304) 36,529
Ending Balances (in shares) at Sep. 30, 2025             88,268,078      
Beginning Balances at Dec. 31, 2025             $ 90 232,828 (198,647) 34,271
Beginning Balances (in shares) at Dec. 31, 2025             88,904,161      
Shareholders' Equity                    
Issuance of common stock               (164)   (164)
Issuance of common stock (in shares)             396,734      
Exercise of common stock options               44   44
Exercise of common stock options (in shares)             52,878      
Equity-based compensation               330   330
Net loss                 (4,570) (4,570)
Ending Balances at Mar. 31, 2026             $ 90 233,038 (203,217) 29,911
Ending Balances (in shares) at Mar. 31, 2026             89,353,773      
Beginning Balances at Dec. 31, 2025             $ 90 232,828 (198,647) $ 34,271
Beginning Balances (in shares) at Dec. 31, 2025             88,904,161      
Shareholders' Equity                    
Exercise of common stock options (in shares)                   52,878
Net loss                   $ (12,647)
Ending Balances at Sep. 30, 2026             $ 95 240,476 (211,294) 29,277
Ending Balances (in shares) at Sep. 30, 2026             95,100,822      
Beginning Balances at Mar. 31, 2026             $ 90 233,038 (203,217) 29,911
Beginning Balances (in shares) at Mar. 31, 2026             89,353,773      
Shareholders' Equity                    
Issuance of common stock       $ 5 6,732 6,737        
Issuance of common stock (in shares)       5,506,610            
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes               (11)   (11)
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes (in shares)             195,390      
Equity-based compensation               319   319
Net loss                 (3,932) (3,932)
Ending Balances at Jun. 30, 2026             $ 95 240,078 (207,149) 33,024
Ending Balances (in shares) at Jun. 30, 2026             95,055,773      
Shareholders' Equity                    
Issuance of common stock         $ 50 $ 50        
Issuance of common stock (in shares)       44,049            
Issuance of common stock upon vesting of RSUs, net of shares withheld for employee taxes (in shares)             1,000      
Equity-based compensation               348   348
Net loss                 (4,145) (4,145)
Ending Balances at Sep. 30, 2026             $ 95 $ 240,476 $ (211,294) $ 29,277
Ending Balances (in shares) at Sep. 30, 2026             95,100,822