v3.26.3
Segments (Tables)
 9 Months Ended
Sep. 30, 2026
Segments [Abstract]  
Schedule of Other Financial Information Regarding The Company’s Operating Segment See the condensed consolidated financial statements for other financial information regarding the Company’s operating segment.

 

    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2026     2025
(As Revised)		     2026     2025
(As Revised)		  
Operating expenses:                        
Research personnel compensation costs, including stock-based compensation   $ 95     $ 287     $ 681     $ 945  
Contract research organization and regulatory costs     39       315       1,105       315  
Administrative personnel compensation costs, including stock-based compensation     895       4,126       2,247       4,861  
Rent and office costs     50       97       273       415  
Legal and accounting costs     931       976       2,530       1,625  
Transaction costs(1)     2,798       15,060       2,798       15,060  
Other expenses (2)     45       848       1,770       915  
Total segment expenses     4,853       21,709       11,404       24,136  
Loss from operations     (4,853 )     (21,709 )     (11,404 )     (24,136 )
Other income (expense):                                
Gain (loss) on change in the fair value of convertible notes     7,351       (3,640 )     2,303       (3,950 )
Gain on change in fair value of warrant liabilities     2       884       678       884  
Loss on disposal of digital assets     —       —       (295 )     —  
Loss on change in fair value of digital assets     —       (28 )     —       (28 )
Interest expense (including related parties amounts of $4 and $97 for the three months ended September 30, 2026 and 2025, respectively, and $14 and $1,326 for the nine months ended September 30, 2026 and 2025, respectively)     (22 )     (169 )     (61 )     (2,496 )
Gain on extinguishment of debt     441       —       1,832       —  
Loss on extinguishment of debt (including related parties amounts of $1,479 for the three and nine months ended September 30, 2026)     (7,886 )     —       (7,886 )     —  
Financing costs, net     (3 )     (1,443 )     (2,473 )     (1,443 )
Other income     20       15       145       15  
Total other expense, net     (97 )     (4,381 )     (5,757 )     (7,018 )
Net loss   $ (4,950 )   $ (26,090 )   $ (17,161 )   $ (31,154 )

 

(1) Transaction costs for the three and nine months ended September 30, 2026 primarily consist of transaction costs for the G3 Option Agreement. Transaction costs for the three and nine months ended September 30, 2025 primarily consist of costs incurred in connection with the Business Combination, which was accounted for as a reverse recapitalization.
   
(2) Other expenses includes public relations costs, insurance costs, third party professional services and consulting costs and small balances of research materials and supplies.