XML 33 R22.htm IDEA: XBRL DOCUMENT v3.26.1
Segments
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segments Segments
The Company manages its business as one reportable operating segment, focused on its core business of advancing innovative precision medicines to improve the lives of patients. The Company has determined its reportable operating segment based on the management approach, which considers the internal organization and reporting used by the Company’s chief operating decision maker ("CODM") to make decisions about allocating resources and assessing the Company’s performance. The Company’s CODM, who is the Chief Executive Officer, uses consolidated single-segment net loss as reported in the condensed consolidated statements of operations to evaluate performance and allocate resources.
The accounting policies of the Company's single operating segment are the same as those described in the summary of significant accounting policies as described in Note 2. As of March 31, 2026, substantially all of the Company's long-lived assets were held in the United States. Expenditures for the addition of long-lived assets are reported on the condensed
consolidated statements of cash flows as purchases of property and equipment.
Total segment net loss, which equals consolidated net loss per the condensed consolidated statements of operations was as follows:
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenues from external customers
$23,252 $1,341 
Less:
Salaries, benefits and other payroll expenses, including severance costs
(8,660)(9,186)
Rent and Utilities
(809)(931)
Change in fair value of Warrants liabilities— (32,481)
Other segment expenses, net
(21,712)(12,896)
Net loss
$(7,929)$(54,153)
Other segment expenses, net in the table above include external research and development costs, selling, general and administrative expenses and cost of products and services, including third-party commercialization and manufacturing costs, laboratory supplies, consultant costs, legal and professional fees, insurance, and certain other overhead expenses.