XML 56 R28.htm IDEA: XBRL DOCUMENT v3.26.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedules of Concentration of Credit Risk and Other Risks and Uncertainties The following table presents each major customer that accounted for more than 10% of the Company’s product sales:
Year Ended December 31, 2025
Customer A18 %
Customer B17 %
Customer C15 %
The following table presents each major customer that accounted for more than 10% of gross accounts receivable:
December 31, 2025
Customer A17 %
Customer B12 %
Customer C15 %
Schedule of Useful Lives of Property and Equipment
Estimated useful lives for property and equipment are as follows:
Estimated Useful Life
Computer equipment3 years
Furniture and fixtures5 years
Computer software
3 years
Machinery and equipment5 years
Leasehold improvementsShorter of expected useful life or lease term
Property and equipment, net consisted of the following (in thousands):
December 31,
20252024
Computer software$773 $144 
Furniture and fixtures
502 311 
Machinery and equipment
109 112 
Leasehold improvements108 100 
Computer equipment52 52 
Property and equipment, gross1,544 719 
Less: accumulated depreciation(355)(68)
Property and equipment, net$1,189 $651 
Schedule of Segment Reporting Information, by Segment
The table below shows a reconciliation of the Company's net loss, including the significant expense categories regularly provided to and reviewed by the CODM, as computed under U.S. GAAP, to the Company's total consolidated net loss in the consolidated statements of operations:
Year Ended December 31,
20252024
Revenue:
Product sales, net$1,588 $— 
License revenue17,500 — 
Total revenue19,088 — 
Operating expenses:
Cost of sales(1)
391 — 
Sales and marketing expenses(1)
57,851 11,945 
General and administrative expenses(1)
22,408 12,393 
Research and development expenses(1)
17,029 27,907 
Share-based compensation expense12,547 6,365 
Total operating expenses110,226 58,610 
Loss from operations(91,138)(58,610)
Other income:
Other (expense) income(243)289 
Interest income9,756 8,553 
Net loss before income taxes(81,625)(49,768)
Income tax expense502 
Net loss$(82,127)$(49,769)
__________________
(1)Amounts exclude share-based compensation expense.