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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information

14. Segment Information

The Company's CODM is its CEO and senior leadership team. All of the Company’s operating results are reviewed by the Company’s CODM within the same statement of operations and comprehensive loss whether research and development (by program) or general and administrative in nature. Accordingly, the Company has determined that it has a single reportable segment and operating segment structure. The Company's CODM regularly reviews total expenses and expenses by significant areas such as departments and programs to make decisions when evaluating the Company's financial performance. The Company does not evaluate performance or allocate resources based on segment asset data and therefore such information is not presented. All long-lived assets are located in the United States.

The following table contains additional information on the Company's net loss, including significant segment expenses for the years ended December 31, 2024 and December 31, 2023:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Research and development expense

 

 

 

 

 

 

LX2020

 

$

23,451

 

 

$

14,192

 

LX2006

 

 

14,256

 

 

 

7,537

 

LX1001

 

 

4,501

 

 

 

9,936

 

Other programs

 

 

3,424

 

 

 

2,535

 

Employee compensation expenses

 

 

16,010

 

 

 

11,748

 

Lab-related costs and supplies

 

 

1,356

 

 

 

1,160

 

All other research and development expense

 

 

11,093

 

 

 

6,022

 

General and administrative expense

 

 

 

 

 

 

Employee compensation expenses

 

 

13,158

 

 

 

5,872

 

All other general and administrative expense

 

 

18,517

 

 

 

9,511

 

Other income and expense, net

 

 

(7,433

)

 

 

(2,119

)

Net Loss

 

$

(98,333

)

 

$

(66,394

)