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v3.26.1

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Reporting | The table below is a summary of the segment profit or loss, including significant segment expenses (in thousands):
| Three Months Ended June 30, | Six Months Ended June 30,
| 2026 |  | 2025 | 2026 |  | 2025
Collaborative arrangement revenue | $ | 1,488 |  |  | $ | 1,373 |  | $ | 3,022 |  |  | $ | 2,854 |
Less: |  |  |  |  |  |
OCU400 | 2,211 |  |  | 1,998 |  | 3,520 |  |  | 3,843 |
OCU410 and OCU410ST | 1,590 |  |  | 1,117 |  | 3,966 |  |  | 2,295 |
NeoCart | 196 |  |  | 8 |  | 218 |  |  | 5 |
COVAXIN | 3 |  |  | — |  | 10 |  |  | — |
Inhaled mucosal vaccine platform | 49 |  |  | 131 |  | 79 |  |  | 319 |
OCU200 | 55 |  |  | 151 |  | 260 |  |  | 400 |
Unallocated costs: |  |  |  |  |  |
Research and development personnel costs | 5,150 |  |  | 4,091 |  | 10,752 |  |  | 8,106 |
Facilities and other support costs | 842 |  |  | 834 |  | 1,675 |  |  | 1,815 |
Other | 594 |  |  | 72 |  | 1,465 |  |  | 1,149 |
Total research and development | 10,690 |  |  | 8,402 |  | 21,945 |  |  | 17,932 |
General and administrative | 7,242 |  |  | 6,766 |  | 15,359 |  |  | 13,218 |
Total operating expenses | 17,932 |  |  | 15,168 |  | 37,304 |  |  | 31,150 |
Loss from operations | (16,444) |  |  | (13,795) |  | (34,282) |  |  | (28,296) |
Other income (expense): |  |  |  |  |  |
Interest income | 395 |  |  | 227 |  | 526 |  |  | 571 |
Interest expense | (4,476) |  |  | (1,285) |  | (5,796) |  |  | (2,543) |
Loss on extinguishment of debt | (2,383) |  |  | — |  | (2,383) |  |  | $ | — |
Change in fair value of derivative liability | (1,891) |  |  | — |  | (1,891) |  |  | $ | — |
Other (expense) income, net | (78) |  |  | 114 |  | (228) |  |  | 179 |
Total other (expense) income | (8,433) |  |  | (944) |  | (9,772) |  |  | (1,793) |
Segment and consolidated net loss | $ | (24,877) |  |  | $ | (14,739) |  | $ | (44,054) |  |  | $ | (30,089) |

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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