v3.25.3

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Operating expenses
Research and development	$ 1,416,000	$ 1,093,000	$ 3,559,000	$ 5,390,000
General and administrative	1,740,000	2,747,000	5,617,000	8,800,000
Restructuring costs				968,000
Total operating expenses	3,156,000	3,840,000	9,176,000	15,158,000
Loss from operations	(3,156,000)	(3,840,000)	(9,176,000)	(15,158,000)
Other income (loss), net
Interest income, net	42,000	146,000	166,000	616,000
Foreign exchange transaction loss, net	(19,000)	(182,000)	(87,000)	(107,000)
Total other income, net	23,000	(36,000)	79,000	509,000
Loss before income tax expense	(3,133,000)	(3,876,000)	(9,097,000)	(14,649,000)
Income tax expense	0	(7,000)	(6,000)	(49,000)
Net loss	$ (3,133,000)	$ (3,883,000)	$ (9,103,000)	$ (14,698,000)
Net loss per common share, basic	$ (2.36)	$ (3.39)	$ (6.88)	$ (13.3)
Net loss per common share, diluted	$ (2.36)	$ (3.39)	$ (6.88)	$ (13.3)
Weighted-average number of shares used in computing net loss per common share, basic	1,327,039	1,144,978	1,323,886	1,104,849
Weighted-average number of shares used in computing net loss per common share, diluted	1,327,039	1,144,978	1,323,886	1,104,849
Other comprehensive income, net of tax
Currency translation gain	$ 14,000	$ 468,000	$ 726,000	$ 251,000
Unrealized gain on marketable securities				34,000
Other comprehensive income, net of tax	14,000	468,000	726,000	285,000
Total comprehensive loss	$ (3,119,000)	$ (3,415,000)	$ (8,377,000)	$ (14,413,000)

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(26))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-5

Galecto, Inc. 10-Q