v3.25.4

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Operating expenses:
Research and development	$ 15,234	$ 14,478
General and administrative	7,887	9,726
Total operating expenses	23,121	24,204
Loss from operations	(23,121)	(24,204)
Change in fair value of financial instruments	(6,000)	9,490
Interest expense	(1,422)	0
Interest income	713	1,014
Other income	268	0
Total other income (expense)	(6,441)	10,504
Net loss	$ (29,562)	$ (13,700)
Net loss per share - basic	$ (1.97)	$ (1.22)
Net loss per share - diluted	$ (1.97)	$ (1.22)
Weighted-average number of shares outstanding used in computing net loss per share - basic	15,011,321	11,245,915
Weighted-average number of shares outstanding used in computing net loss per share - diluted	15,011,321	11,245,915

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