XML 21 R11.htm IDEA: XBRL DOCUMENT v3.25.3
Supplemental Financial Information
 9 Months Ended
Sep. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Property and Equipment.

 Estimated Useful LivesAs of September 30,As of December 31,
 In Years20252024
 (in thousands)
Computers and software
3-5
$2,003 $2,003 
Furniture and fixtures
5-7
389 389 
Leasehold improvements
3-7
2,178 2,178 
Total property and equipment 4,570 4,570 
Less: Accumulated depreciation and amortization (2,589)(2,086)
Net property and equipment $1,981 $2,484 
Accrued Liabilities.
As of September 30,As of December 31,
20252024
(in thousands)
Accrued research and development services$5,322 $12,251 
Accrued compensation and benefits4,787 14,712 
Short-term lease liability1,642 1,175 
Other1,869 2,309 
Total accrued liabilities$13,620 $30,447 

As of December 31, 2024, $8.5 million of accrued severance is included in accrued compensation and benefits within accrued liabilities on the condensed consolidated balance sheet, all of which was paid prior to September 30, 2025.
Net Income (Loss) Per Share. Net income (loss) per common share is computed using the weighted average number of shares of common stock outstanding. Potentially dilutive shares associated with warrants, stock options and restricted stock units totaling 5.5 million and 2.4 million for the three and nine months ended September 30, 2025, and totaling 0.3 million and 0.5 million for the three and nine months ended September 30, 2024, were not included in the computation of diluted earnings per share because they are antidilutive due to the Company’s net loss in all periods presented.